U.S. President Joe Biden on Thursday called China a "ticking time bomb" because of its economic challenges and said the country was in trouble because of weak growth.
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.
Specifically the economy we rely on as much as our own because our corporations sent all their manufacturing there.
the international corporations are leaving fast.
I hope so. Sending our industry to a foreign country that merely tolerates us will lead us nowhere but straight to hell.
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.
More companies are moving there. Some German car companies were reported on this week as having made the decision to leave Germany for China
Don’t worry, they won’t be outsourcing any more once they bring back child labour… Wish I could add a /s