US President Joe Biden expressed concerns regarding China’s economic and demographic problems, which according to him, has transformed the world’s second-largest economy into a “time bomb”. While addressing a political fundraiser event, Biden highlighted the problems arising because of the high retirement age and a shrinking workforce, resulting in the highest unemployment rate.Thursday, 10 August 2023
US President Joe Biden expressed concerns regarding China’s economic and demographic problems, which according to him, has transformed the world’s second-largest economy into a “time bomb”. While addressing a political fundraiser event, Biden highlighted the problems arising because of the high retirement age and a shrinking workforce, resulting in the highest unemployment rate.
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