Biden calls China a 'ticking time bomb' due to economic troubles
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.
There's something extremely funny about the president of the US looking at what's going on China and saying out loud, "Their economy is a ticking time bomb." This is almost an onion news story.
Omfg you people really spam every China related thread on our site huh? Forcing us to endure seeing your annoying asses at every corner, is there no way to block every hexbear user?
our site
sorry to break it to you, but the person who runs your instance might be more aligned with the hexbears than with you.
I found a website that doesn't have those loser Hexbears. Here let me show you.
Go back to Reddit with the other bazinga dipshits
Excuse me, I'm here to show my support for Comrade Joe
it just so happens to also be a China thread
Dude, take a break!
I mean I completely disagree with you, but this thread can't be healthy for you. What purpose is it serving to get enraged here?
I'd say take a breather and if you dare: ask yourself how reliable your impression of China really is, maybe research some older claims that have been proven to be misrepresented or false, like this for example. Not saying you have to become a fan, but there seems to be a propaganda effort to prepare the public for a economic/military war with China. So more people need to be sceptical.
You seem to haven't accepted it yet, but the capitalist class, through the means of communication they control, construct most impressions you have of foreign countries (without them being able to interject) and facts are negligable as they have been in the news-medias support of every US war effort in history as well.
I got a little carried away, but I meant it in good faith, you decided to wear a badge of socialism after all.
What you do is obviously up to you!
our site
You've been here 3 days.
lemmy user posts on lemmy
โwhy would hexbear do this?โ
Same energy as calling any bad thing done by Americans as โlike North Koreaโ
Just keep dropping this link on the hexbears whenever you can:
https://en.wikipedia.org/wiki/1989_Tiananmen_Square_protests_and_massacre
They're either clueless teenagers that only know the things they've learned from TikTok or working for whatever the Chinese equivalent of glavset is. Either way, they tend to make themselves scarce when that link is dropped on them.
Yeah yeah, I've heard that before. There's a whole cottage industry of "experts" that have predicted the imminent collapse of China going back decades. Call me when it actually happens.
China's economy is stacked like a house of cards and could come crumbling down due to some unforeseen global financial shock, but then again that sounds like most modern economies. I think people just pick on China because, instead of having a group of billionaires stack up the cards, the government does it themselves.
People (westerners) pick on China because they want it to collapse. It's entirely wishful thinking.
The Chinese government stacks the cards though it actually has the capability to use some toothpicks to hold them in place, and will immediately rebuild it things start to fall apart.
To contrast, the US will flounder and pull their one "low interest rates" lever while having a political blowout over some sort of stimulus funding package that probably won't pass.
If that's the case then the US's economy is a card dealer pointing a gun at everyone at the table
Well, actually it's because China's roaring economic success is both deeply embarassing and existentially dangerous to international fascism and it is absolutely vital that they both discredit China and prevent their thoroughly indoctrinated population from learning anything about China at all costs.
If you think China's economy is a time bomb wait til you hear about what it means when the dollar is no longer the reserve currency around the world.
Looked up one of the videos shown in that video and saw one of them was actually bold enough to add an update...
By my estimates, China has only 70 more years until complete and utter collapse!
Gordon Chang preparing to put himself into cryosleep.
The country that leads the world in mass shootings shouldn't be labeling other countries as "ticking time bombs."
The old federation is dying, the new one struggles to be born. Now is the time of unlimited China struggle sessions.
Y'all want a real struggle session, let's talk GDP per capita and healthcare systems between China and Cuba.
China has massive demographic problems stemming from decades of the one child policy.
So the "new federation" is just going to be made up of mostly elderly Chinese (because of the one child policy) and elderly Russians because the young people died fighting in Putin's stupid war or left before they could be drafted.
Yes comrade, the future will be run by elderly fascist federation LOL.
Fascism is a self-destructive thing, we're seeing it happening in Russia, and we're starting to see the signs of China's fascist regime (ironically called a Communist Party) self-destructing.
What the fuck are you on about? I'm talking about the lemmyverse/federation.
idk if youve read any of the papers on AI research coming out of china like i have (i translated them from mandarin to english), but they have little concern for the economics of this, the CPC's goals are to increase automation so less people output more, and have been doing so in the construction sector at a breakneck pace. china recently built the world's largest hoover-like arch dam in four years (which would usually take 12-16 years in other countries with modern standards), and plans to reduce it even more down to two years, all while cutting the number of people working on the project. theyre basically '3d printing' dams by having robotic cement trucks act as extruders and have automated sensors that determine the density of concrete to insure safety. workplace accidents are very down as well.
also idk if you know this, but china is increasing reliability and durability of appliances and making it easier to hotswap factories from different types of production easier in order to meet public demands for goods. theyre really a powerhouse scientifically, and are focusing on far more important issues than the west are
do you mean the one child policy that ethnic minorities were explicitly exempt from? or is there another one child policy you made up to support your position?
Even if China's demographic issues are as big as dumbass clickbait YT vids and reddit comments make it out to be that would still put China in the demographic position of SK a couple of decades ago. S. Korea quintupled industrial production between 1992-2010 and their productivity rose x6 while it's factory workforce dropped 25%. It's all about education, tech, and productivity. More important than the aggregate Chinese population is the technically proficient,college educated, Chinese population. That has grown 20-fold, or by 2,000%, in the past 40 years and will continue to grow due to the hundreds of millions of untapped rural population despite the decline in population.
So point is, economy is still growing. The plan has always been to create self-sustaining growth in exports to the Global South with BRI infrastructure + productivity leap at home. Both of those aspects show great success. Exports and imports to the GS are expanding and the entire SEA is brought in the sphere of Chinese digital economy. The "greater China" economy includes another billion people in SE and Central Asia.China is getting 2x to 8x productivity leaps with AI/5G apps in industry/mining/logistics.
And all that is assuming China cant and will not tackle demographic issues in any other manners
China has massive demographic problems stemming from decades of the one child policy.
Yea that can easily be fixed after I move there dw about it kid
You can lose half your working population if your workers can be more than twice as productive... which they can, given advancements in automation. That's why South Korea, Singapore, Japan, and Germany punch above their weight despite also running headfirst into demographic collapse.
ANY DAY NOW
Man leading country with the largest homeless population in the world says country which eliminated extreme poverty within its borders is about to collapse, of course this is true and should be taken seriously
Uhhhh China has almost 5x the homelessness as America
https://en.wikipedia.org/wiki/List_of_sovereign_states_by_homeless_population
Buddy, you realize you're quoting a source from 2011? Over the past decade GDP/capita in China has more than doubled and the number of people living below the poverty line has dropped from 100 million to less than 1 million.
Do people not check facts anymore? Jesus fucking Christ man. It's like y'all never learned the basic scientific process.
Stop quoting western imperialist sources, china has the least homelessness in the universe
Me upvoting a comment and when it refreshes, seeing it's been upvoted 8 times since I navigated to the page
CHINA COLLAPSING ANY DAY NOW
3 DAYS!!!!
I give you 2 days at most! Give or take!
My reliable sources tell me that China will collapse in
Days? Months? Years? Generations? Or just hours?
If you follow Twitter in Chinese, they're calling it the Lehman moment has happened.
What troubles?
Can you describe the troubles?
Are the troubles in the room with us?
They're straight up gaslighting LMAO. This is an actual, recent headline from the wsj:
Vibes based economics
every accusation is an admission or whatever
like whenever the us economy is booming because line go up, all while a few million people are housing/food unstable
he's probably referring to this https://thenextrecession.wordpress.com/2023/08/02/china-consumption-or-investment/
tldr chinas quarterly growth has slowed and liberal economists are claiming china's miracle is over. private sector investment has shrank 0.2% for the first time since data collection in 2005 but investment by state firms has expanded 8.1% in the same period. there's also a current global manufacturing recession. doesnt mean "its over" or whatever tf they're saying but interesting to note.
I mean there will be a point when the Chinese middle class stops growing and the government will need to midwife a new economic model. A Communist Party is probably the only political organization currently in the world that can come up with an answer that isn't slashing the social safety net and giving big handouts to corporations to keep profits up, though.
man in glass house throws stones
'ticking time bomb' says man who can't draw clock
What do you mean a guy who thinks the blacks are ruining South Africa isn't a reliable source of information??
Little weird actively wishing for the most populated country in the world and the second largest economy in the world to collapse. Hey yankee numb nuts, that's gonna have global repercussions, that will likely affect the US as bad as anyone else. Who do you think makes all your shit? Really trying to cut off your nose to spite your face here.
It seems you are confusing a description with a wish.
Yep, it is definitely a little weird. I mean you aren't supposed to speak English. Translate everything to pinyin and you are complant.
President of the Ticking Time Bomb Republic says that the country that hasn't had a recession in 45 years is "in trouble" and that their 5.2% GDP increase projected by the IMF is "weak growth".
Advanced Economies
Advanced economies innovate and make things like NFTs and self-driving random incendiary devices luxury electric cars!
Old, busted economies like China just produce things like buildings, most manufactured products, scientific research, and agricultural products ๐คฎ
Hmm, itโs almost like they were allowed into a certain economic system? A new trading partner, perhaps?
Like we're one to talk lmao
every accusation a projection
projection much
I don't know about China, but Biden is really throwing stones from glass houses here as the leader of a country which is teetering on the edge of civil war, had a full blown insurrection in the past few years, and not only has it failed to prosecute the leader and instigator, it has allowed him to run for election again and there is a possibility of him being elected.
And this is not mentioning that so many in the highest offices "on both sides" are so hilariously corrupt in a country with its national ethos being "the land of the free".
I'm not happy about this by the way, I don't think a world order built by China would be better than the shitty one we got from the US.
I don't think a world order built by China would be better than the shitty one we got from the US
I do to be honest.
A lot of non-Americans would take anything else over American opression.
It 100% would be better. There is nothing in modern Chinese history that remotely approaches the level of imperial devastation the US has wrought on the world. This is not up for debate by any serious person. How many countries has China invaded recently? How many coups have they instigated? Is their "foreign aid" designed to help countries develop, or to extract as much wealth as possible while keeping them impoverished, underdeveloped, and dependent on the west for their most basic needs? Has the standard of living in China been going up or down in recent decades? Now ask yourself the same questions about the US.
I believe the correct spelling is "Land of the free^" ^ terms and conditions may apply
How do we not have a third precinct burning emoji? Anyway, there were two insurrections. Don'tu forget the millions of brave people who rose up in the largest protest action in American history, bolstered by millions of comrades around the world, to fight back against the tyranny and oppression of the rabid pigs America deploys as cops.
Aaaaannnnnyyyyy day now
He's gotta find someone to blame when the next recession starts.
He can blame himself and his bad economic policies. Pretty simple. Who cares about China anyway?
just remember that biden and trump both ran ads accusing the other of being soft on china
Who cares about China anyway?
A politician... blaming themself?
It's so crazy it just might work!
I'll drop this beautiful book here: https://en.m.wikipedia.org/wiki/The_Coming_Collapse_of_China
Americans have been predicting the collapse of China for 30+ years. It's just wishful thinking.
USA probably exploded an actual bomb somewhere while he said that.
US President Joe Biden comments on his wife as a woman he's never seen before, but that he thinks she looks pretty.
I love Ground News as a concept, but I always feel suss using anything which is promoted in sponsorship deal by YouTubers.
Is there anything I should know about them as an organisation? I feel by design if they were to have biases or open to manipulation that it would be really obvious..
Each specific article will show you the sources. It's kind of interesting to flip through the headlines and see how each source might describe the same thing differently.
https://mediabiasfactcheck.com/ground-news/
EDIT: Come on, don't shoot the messenger..
Is there a bias checker to tell me how biased mediabiasfactcheck is?
Overall, we rate Ground News Least Biased based on publishing news stories from both sides of the political spectrum and appropriately labeling their bias. We also rate them mostly factual rather than High due to the use of poor sources that can publish false or misleading information; however, these news stories are typically reported by other credible media outlets meaning they most likely are factual.
"Both sides of the political spectrum"
didnt mean to come at you in any way btw i just had a visceral reaction to the site (and most factcheck sites tbh)
Too late Biden this guy already beat you to it
lmao he won an award for worst prediction
In fairness, ol' Joe just learned about the Tikky Tockies, so he thinks China is all clocks and timers now.
More than a fifth of Chinese age 16 to 24 are out of work.
Spain and other southern EU countries have experienced this, and even higher unemployment rates in the past, but with Chinaโs rather large population, weโre about 30 million young people in a country with few safety nets.
Chinaโs economy barely grew in the second quarter from the first and youth unemployment hit a record high in June, providing evidence of a fading recovery.
So what is Xi going to do when these 30 million hit the streets to demonstrate? Draft them and attack Taiwan?
... Are you talking about students? Lol
I doubt it, people in full time education aren't generally counted as unemployed.
Here's Chinese media talking about it. They're obviously worried, but it's not an existential issue. The total unemployment rate is a pretty normal ~5%, the youth rate is currently just disproportionately high.
More than a fifth of Chinese age 16 to 24 are out of work.
Does that include people in school?
The situation isn't really a lack of jobs, it's that younger generations don't want to work the factory jobs (because they all studied for better jobs) and there is pressure to look after parents. Not only is there an imbalance in young vs old people due to the one child policy but China also passed a law that required children to provide mental and financial support to their parents. Some parents are effectively paying their children to look after them, thereby removing them from the workforce count.
https://www.voanews.com/a/china-elder-care-law-a-struggle-for-one-child-families/1704200.html
Just two more weeks!
32 trillion. Just one more. โจ
Its far more weird how many people pick one of these countries like its a RPG faction. Can we all agree most of these countries do some totally evil things as far as governments go? Who gives a fuck how much debt they're in, they're all just printing their monopoly dollars anyways and we're stuck with the inflation. Its like people like to masterbate to their favorite team via internet comments.
Isn't China undergoing deflation?
I haven't heard about that but I doubt it. Deflation is horrible. It stops economies from functioning. Your money will be worth more the longer you wait to spend it, so you don't spend it until you need to. No government is going to let deflation happen without something going horribly wrong, which it might be, idk.
Edit: apparently the consumer sector experienced deflation. I believe that means it shrank, not the value of money increased over time, which is what is implied by inflation/deflation without other context. I could be wrong though. Either way, it doesn't look great.
600+ years of "team white Europe" hooligans and you're going to complain about unsportsman-like conduct now that the camp you live in will likely have its economy decimated by successful decolonial projects and rematriation of stolen wealth?
The US is the last torchbearer of the "may our team beat their team" that led to the deaths of nearly a billion people, the utter subjugation and domination of multiple billions constituting 80% of the world population, and now that the US finally shows signs of being in an unstoppable collapse and China is creating the conditions for a new global social order you want to say "hey everybody, just be nice to each other and realize all countries are probably bad to the same degree and anybody winning is honestly just as good or bad as anyone else winning".
Fuck off
Here is an alternative Piped link(s): https://piped.video/E2lncyoqPlA
Piped is a privacy-respecting open-source alternative frontend to YouTube.
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The post itself is dumb, so I wouldn't complain about dumb comments
Tbh, I find the hexbears quite refreshing๐
Big fan :)
Brigading isn't a thing, that's the point of federation. Why is it always people who've joined in the last two months making these complaints? Couldn't possibly have anything to do with events on reddit in that time frame could it? ๐ค
I had a look cause you made me curious... It's just hippies. "Disassociating from the system will destroy it" "I'm sick of furry porn re-enforcing capitalist ideals" "The only reason you're not a Marxist is that you didn't really 'listen' when you were in college. Wait is Marxism the bad one?"
Reading the commentsโฆ
Wish I could block an entire instance at once. Is that a thing I can do?
Yeah, same. But I'm having fun sending pig poop balls to liberals before they can't handle the heat and block our instance. By the way, here is a picture of a hog with shit in its testicles. Please look closely.
Thatโs fair. I did not know the background of lemmy.ml or hexbear and Iโm certainly learning that users from particularly the latter are somewhat unstable. I just subbed to a bunch of top news communities when I joined Lemmy. Thatโs on me lol.
Yeah, some of these posts get wild. It's a shame, since the actual communists are cool.
It is interesting seeing the left's version of MAGAts, though.
Wild self admission that you consider "left wing Maga" to simply be people that do not share the same geopolitical outlook as mainstream western opinions.
You know that there are plenty of people globally, including centrists and even right wingers, that do not share the same ideology as western countries on geopolitics? Are they all "left wing Maga" now? Is any country in Africa that prefers to align with China over the USA "left wing Maga"? Are the people of Niger, Burkina Faso and Mali "left wing Maga"? Are the majority of global citizens outside of the west "left wing Maga"?
This is just an extremely childish opinion to hold.
Give us some credit we're much scarier than MAGA. We cost Hildawg her prophecied kingdom, after all!
If you're a fan of genocides and totalitarian regimes then yeah, communists are cool.
On Kbin, individual users can block instances. By going to https://kbin.social/d/instance.name
You can't block instances but you can block the lemmy.ml and hexbear.net magazines, which are all tankie hell.
Lemmy World version of this post:
https://lemmy.world/post/3021192
92 comments pathetic
This is what defederating does to you.
Hilarious to think there's a struggle session in here pushing 600 comments and .world users have no idea about it
The funny thing is, the bigger these threads get over on Hexbear federated instances, the more users from instances like .ca, .ee, or .ml show up complaining about the Hexbears. That stays small in proportion to the actual discussion in the thread, but eventually becomes large in proportion to the stunted version of the thread that .world sees. So despite being defederated with us, .world threads slowly fill up with spam from users complaining about "Hexbear brigaders" as it leaks in and piles up from discussions and dunkings outside of their federation network.
Happy in the echo chamber
Holy watered
lol
Doesn't China have a history of repeatedly shattering into a thousand pieces?
Most china can only do it once
And you're from the Permanent Kingdom of Perfect Stability where borders never change powers do not rise and fall?
I'll take that as a yes.
How ironic, coming from the US.
He should be focusing on US economic troubles. No matter how many times he tells us we are doing good everyone sees we are not.
Holy shit a 1000+ comments
Bro we're like in our third massive recession in 15 years
Only one answer: https://www.youtube.com/watch?v=fCV8O_EkM4w
Can we block hexbear.net please?
is the free market place of ideas getting a little too free for you?
Can the Sahel Zone block the French ?
Why do we keep on looking to build echo chambers? Having discourse is an essential component of a healthy democracy.
No, using tanks on fascists is part of a healthy democracy. Have you seen America? We have less voting rights than the Chinese and part of the reason why us we just let the worst people on earth just run about saying stupid things. We have to spend all our time and energy on them instead of trying to achieve nice things
lol
Looool
Why?
Looks like jlai.lu enjoys federating with hexbear
Troll blocked.
Go film a ::: spoiler cop
:::Anyone know how to block everyone and everything from an entire instance using Sync?
yes
Iโll be sad if you block me, but I found a handy guide. I had to go to Reddit so I hope you appreciate the psychic damage I endured to find this for you.
Can we block your balls? You got cum everywhere, very disrespectful.