Biden warns China's economy is on the brink (www.axios.com)

submitted 5 months ago by Rapidcreek@lemmy.world to c/politics@lemmy.world

45 comments fedilink hide all child comments

all 47 comments

sorted by: hot top controversial new old

[-] some_guy@lemmy.sdf.org 13 points 5 months ago

"You've got a population that's considerably older than the vast majority of the youth in Europe, that is too old to work," Biden told Time.

I believe this is known as a tautological statement.

[-] Zehzin@lemmy.world 3 points 5 months ago

I'd call it an octogenarian brain fart

[-] Wogi@lemmy.world 3 points 5 months ago

He's a member of the American Tautological Society of Saying Things Twice of America that he belongs to.

[-] Zehzin@lemmy.world 7 points 5 months ago

I've been hearing that one for 15 years or 4 recessions

[-] Reptorian@lemmy.zip 6 points 5 months ago

Warns? This is a bad thing?

[-] PugJesus@lemmy.world 25 points 5 months ago

Yes, unironically. America and China are rivals on the world stage, but the world is deeply interconnected - if China's economy takes a dive, it's bad for everyone; just as it would be if India or the US's economy took a dive.

[-] wildcardology@lemmy.world 1 points 5 months ago

And China might suddenly collect on US debt.

[+] givesomefucks@lemmy.world -7 points 5 months ago

Wait...

So why do we keep banning their electric cars and completed solar panels?

If their economy is crumbling, why do t we let Americans buy their cheap green products as climate change is a pressing issue that we cant afford to wait to address?

I don't see logical consistency here...

[-] BlameThePeacock@lemmy.ca 33 points 5 months ago

Because dumping cheap equipment hurts everyone in the long run. It damages the research pipelines, it damages production capacity, and it risks public safety.

It's essentially a method to create a monopoly that you can then exploit later.

[+] givesomefucks@lemmy.world -10 points 5 months ago

I think the issue is I said "cheap" meaning "inexpensive".

And you've taken it to mean "low quality".

BYD is surprisingly high quality, as is their solar panels.

For the panels specifically, we can completed units for consumers, but allow the pieces imported with a tarrif and then put together and sold at a drastically higher price.

[-] BlameThePeacock@lemmy.ca 13 points 5 months ago

I meant cheap as in subsidized, these panels are being sold below what the normal market conditions would warrant due to interference from the Chinese government.

This is what's being used to push the harms I mentioned.

[-] zbyte64@awful.systems 1 points 5 months ago

Making it crumble is the point. The sanctions and whatnot are working. Mission accomplished. God this is so stupid.

[+] chakan2@lemmy.world -25 points 5 months ago

The difference is China doesn't give a fuck about its aging population. Once it gets it's hands on Taiwan, the US isn't the defacto world power any more.

[-] NuXCOM_90Percent@lemmy.zip 18 points 5 months ago

Unless china can peacefully occupy Taiwan, that won't be the result.

The result will be that TSMC et al will blow up the fabs. At which point basically the entire world is screwed and china is not any better off relative to where they started.

[-] btaf45@lemmy.world 4 points 5 months ago

Reunification can only happen after China gains the ability to chose its own leaders. Otherwise the Chinese leaders can never be trusted. When the reunification happens, I think that Taipei should be the capital of China for the first 10 years or so since that is where the experience in democracy is located.

[-] KevonLooney@lemm.ee -5 points 5 months ago

No, it would have to be Beijing, or at least Nanjing. The name "Beijing" literally means "northern capital". Nanjing means "southern capital". Other cities do not have the cultural cache to be the capital of China. It would be like France having a capital other than Paris.

[-] Cryophilia@lemmy.world 1 points 5 months ago* (last edited 5 months ago)

So rename them to whatever "Donkey's Ass" is in Chinese rofl

What the hell kind of nutso idea is that? "No, it has to be the capital because that's the name"

Do you know what the capital of New York is? It's not NYC. It's Albany. Just because a city has "cachet" doesn't mean it should be the seat of government.

[-] KevonLooney@lemm.ee 0 points 5 months ago

I'm saying that Beijing has legitimacy in the eyes of the people of China, and has had that legitimacy for at least 1700 years. Forget Albany. You have to look at this from the point of view of a country that thinks it's thousands of years old (rightly or wrongly). The capital of Italy is Rome, and it will always be Rome.

[-] Cryophilia@lemmy.world 3 points 5 months ago

All you people from old countries should learn something from Americans: stop being shackled by your past.

[-] thisorthatorwhatever@lemmy.world 0 points 5 months ago

Just like the Russian pipeline got blown up, those fab labs will be smouldering dust. https://youtu.be/OS4O8rGRLf8?t=91

[-] KairuByte@lemmy.dbzer0.com 2 points 5 months ago

Breaking news: Man with lifetime stutter, stutters.

And coming up at 11: Water is wet, criminal found guilty, baby cries.

[-] dhork@lemmy.world 15 points 5 months ago

No, the US is the defacto world power because the US Dollar is the default reserve currency.

this post was submitted on 05 Jun 2024

48 points (92.9% liked)

politics

19135 readers

1226 users here now

Welcome to the discussion of US Politics!

Rules:

Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.

Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.

Example:

Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.

That's all the rules!

Civic Links

• Register To Vote

• Citizenship Resource Center

• Congressional Awards Program

• Federal Government Agencies

• Library of Congress Legislative Resources

• The White House

• U.S. House of Representatives

• U.S. Senate

Partnered Communities:

• News