World News

32286 readers

479 users here now

News from around the world!

Rules:

Please only post links to actual news sources, no tabloid sites, etc
No NSFW content
No hate speech, bigotry, propaganda, etc

founded 5 years ago

MODERATORS

[email protected]

478

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

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

913 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 45 points 1 year ago* (last edited 1 year ago) (1 children)

Reaching levels of copium not thought possible.

[–] [email protected] 33 points 1 year ago* (last edited 1 year ago)

dont-laugh I love how some of the opening lines talks about interviewing a single Chinese person failing to run a business

One entrepreneur interviewed by The Wall Street Journal said that one of his businesses, a distributor for LED screens based in Shenzhen, is suffering from widening losses as overseas orders dry up, leading him to slash prices to compete for domestic clients. Having laid off more than 50 out of 120 staff since 2022, he said he is contemplating whether to shut the business this year.