Joe Biden fears China is ‘ticking time bomb' posing danger to world
Friday, 11 August 2023 US President Joe Biden expressed concerns regarding China’s economic and demographic problems, which according to him, has transformed the world’s second-largest economy into a “time bomb”. While addressing a political fundraiser event, Biden highlighted the problems arising because of the high retirement age and a shrinking workforce, resulting in the highest unemployment rate.
U.S. President Joe Biden calls China a "ticking time bomb" due to its escalating economic challenges. He underscores the nation's vulnerabilities and sounds alarms regarding potential consequences. Biden pointed out China's battle with slow growth, warning of potential unfavourable outcomes from...
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