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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] 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