According to Reuters, U.S. Vice President Joe Biden warned on Monday that there is no way that China will be able to sustain its current level of economic growth.

Here are his remarks:

“When you talk about, we have a problem with our entitlementprograms, we are going to be able to handle that, but by God,thank God we don’t have your problem,” Biden said referring to the Chinese. 

“Because of that God-awful one-child policy they have, whathappens now is in the next 20 years they’re going to have suchan inverse proportion of the number of people working to thenumber of people retired that there is no way they can sustainthat growth.” 

And some cockiness…

“I really want to see China continue to grow. Don’t let thefact that we are 2-1/2 times as large as your economy in any waydissuade you from continuing to work hard,” he said.

Source: Reuters

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