China’s $10 trillion hidden debt mountain could be the ‘ticking time bomb’ that Joe Biden warned of

The Chinese national flag flies behind security cameras on Tiananmen Square on June 4, 2012 on the 23rd anniversary of China’s crackdown of democracy protests in Beijing.ED JONES/AFP via Getty Images China has faced many economic problems this year, from deflation and record youth unemployment to a property crisis. But the nation faces another, even … Read more

Biden calls China a ‘ticking time bomb’ attributable to financial troubles

By Nandita Bose SALT LAKE CITY (Reuters) – U.S. President Joe Biden on Thursday referred to as China a “ticking time bomb” due to its financial challenges and mentioned the nation was in bother due to weak development. “They have some issues. That’s not good as a result of when dangerous of us have issues, … Read more