Alobarap

Biden misstates China's GDP growth, calls its economy a 'ticking time bomb'

https://lemmy.world/post/3063083

Biden misstates China's GDP growth, calls its economy a 'ticking time bomb' - Lemmy.world

Aug 12, 2023 at 3:59amWeb
Show threadjiayuxAug 12, 2023
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%.
As China’s Youth Unemployment Soars, Pressure on Colleges Grows

Under pressure from Beijing, Chinese schools have been told to do more to secure jobs for students, who are facing bleak prospects.

The New York Times
Show threadCleverdawnyAug 12, 2023
I guess it depends on how much stock you put in the Chinese official statistics
Show threadHappycamperNZAug 13, 2023
Comparable to a statement from Trump.
Show threaddeftAug 12, 2023
bots mad