President Biden speaks to reporters on July 8Alex Wong/Getty Images China's economy is plagued with problems and is a "ticking time bomb," President Biden said. The president pointed to sluggish growth and high unemployment in the nation. China has seen a so-far disappointing economic recovery since dialing back pandemic restrictions. China's economy is a "ticking time bomb" as the nation sees sluggish growth in its economy and worrying demographic issues, according to President Joe Biden.At a Utah fundraiser on Wednesday, the president pointed to various problems plaguing China's economy, including the country's weak growth prospects and high unemployment rate.
President Biden Says China's Economy Is A 'ticking Time Bomb' Amid Growth And Demographic Issues
jsor@insider.com (Jennifer Sor), Business Insider
Fri, 08/11/2023 - 6:26am
Topics: they july 8alex wong/getty images president joe utah reuters consumer price index beijing july terry group taiwan us that us-china dr doom nouriel roubini business insider biden july china president chinese growth demographic issues ticking time bomb economy is a ticking time nation problems restrictions economic unemployment high rate sluggish pointed dialing country so-far bad recovery disappointing tech
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