U.S. President Joe Biden pictured in front of China and U.S. flags.
Yuri Gripas | Reuters
U.S. President Joe Biden on Thursday called China a “ticking time bomb” due to its economic challenges and said the country was in trouble due to weak growth.
“They have some problems. That is not good because when bad folks have problems, they do bad things,” Biden said at a political fundraiser in Utah.
Biden’s remarks were harking back to comments he made at one other fundraiser in June when he referred to President Xi Jinping as a “dictator.” China called the remarks a provocation.
Those comments got here shortly after U.S. Secretary of State Antony Blinken accomplished a visit to China geared toward stabilizing relations that Beijing described as being at their lowest point since formal ties were established in 1979.
China’s consumer sector fell into deflation and factory-gate prices prolonged declines in July. China could also be entering an era of much slower economic growth with stagnated consumer prices and wages, contrasting with inflation elsewhere on the earth.
The US, the world’s largest economy, has fought high inflation and seen a strong labor market.
“China is in trouble,” Biden said on Thursday. He said he didn’t wish to hurt China and wanted a rational relationship with the country.
Biden on Wednesday signed an executive order that may prohibit some latest U.S. investment in China in sensitive technologies like computer chips. China, which has the world’s second-largest economy, said it was “gravely concerned” concerning the order and reserved the suitable to take measures.
