Biden misstates China's GDP growth, calls its economy a 'ticking time bomb'
https://www.reuters.com/world/biden-calls-china-ticking-time-bomb-due-economic-troubles-2023-08-10/Open linkView original on lemmy.worldSyndicated from the fediverse. Read and engage on the original instance.
View original on lemmy.worldhttps://www.reuters.com/world/biden-calls-china-ticking-time-bomb-due-economic-troubles-2023-08-10/Open linkView original on lemmy.world
4 replies
While Biden did misstate China’s GDP growth rate, he is right that China’s economy faces serious challenge that is unseen in at least 20 years. The official youth unemployment rate is 21.3%, and the actual rate might be as high as 46.5%.
I guess it depends on how much stock you put in the Chinese official statistics
Comparable to a statement from Trump.
bots mad