this post was submitted on 11 Aug 2023

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Biden calls China a 'ticking time bomb' due to economic troubles (ground.news)

submitted 1 year ago by Fissionami@lemmy.ml to c/worldnews@lemmy.ml

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[–] PZK@hexbear.net 46 points 1 year ago* (last edited 1 year ago) (1 children)

Reaching levels of copium not thought possible.

[–] mar_k@hexbear.net 33 points 1 year ago* (last edited 1 year ago)

dont-laugh I love how some of the opening lines talks about interviewing a single Chinese person failing to run a business

One entrepreneur interviewed by The Wall Street Journal said that one of his businesses, a distributor for LED screens based in Shenzhen, is suffering from widening losses as overseas orders dry up, leading him to slash prices to compete for domestic clients. Having laid off more than 50 out of 120 staff since 2022, he said he is contemplating whether to shut the business this year.