Tensions Rise: Biden Calls China a ‘Ticking Time Bomb
US President Joe Biden has referred to China as a “ticking time bomb” in the face of its mounting economic challenges. During a Utah fundraiser, Biden expressed his concern about the situation, stating that “They have got some problems. That’s not good because when bad folks have problems, they do bad things.”
Biden emphasized that he doesn’t want to harm China but desires a rational and stable relationship with the country. This statement follows his previous comments in June when he referred to China’s President Xi Jinping as a “dictator,” a remark that drew attention and caused tensions.
China has been experiencing slower economic growth along with stagnant consumer prices and wages, which is in contrast to the inflation seen in other parts of the world. China’s consumer sector has entered a phase of deflation, and factory-gate prices have also been declining.
In contrast, the United States, the world’s largest economy, has been grappling with
