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Biden calls China a 'ticking time bomb' due to economic troubles (ground.news)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] 32 points 1 year ago (1 children)

bad economic policies

Who cares about China anyway?

Yea the person claiming Biden has bad economic policies wants to ignore the second largest economy in the world… 😂

[–] [email protected] 19 points 1 year ago (2 children)

Specifically the economy we rely on as much as our own because our corporations sent all their manufacturing there.

[–] [email protected] 6 points 1 year ago (2 children)

the international corporations are leaving fast.

[–] [email protected] 10 points 1 year ago

I hope so. Sending our industry to a foreign country that merely tolerates us will lead us nowhere but straight to hell.

[–] [email protected] -2 points 1 year ago* (last edited 1 year ago)

not really, the pandemic boom is over so a lot of manufacturing contraction is happening right now. Product inventories are high and personal debt is also at a high. If the economy took a 180 and boomed again all those chinese factories would be at capacity with US orders. Still no replacement for China yet. Vietnam and India are not there.

[–] [email protected] 2 points 1 year ago

Don't worry, they won't be outsourcing any more once they bring back child labour... Wish I could add a /s