Regarding its economic problems, Biden refers to China as a “ticking time bomb.”

On Thursday, US President Joe Biden referred to China as a “ticking time bomb” due to its economic problems and claimed that due to its slow growth, the nation was in peril.

“They are having some issues. That’s awful because troubled bad people tend to act badly, said Biden at a Utah political fundraiser.

The comments made by Biden echoed those he made in June at a different fundraiser, where he called President Xi Jinping a “dictator.”

China referred to the comments as provocative.

Those remarks were made shortly after US Secretary of State Antony Blinken returned from China, where he had been to try and normalize relations that Beijing claimed were at an all-time low since diplomatic ties were established in 1979.

In July, factory-gate prices in China continued to decrease as the consumer sector entered a state of deflation.

Contrary to inflation elsewhere in the world, China may be entering a period of significantly slower economic growth with stagnant consumer prices and earnings.

The largest economy in the world, the United States, has battled high inflation and seen a strong job market.

China is having problems, according to Biden on Thursday. He claimed he wanted a fair relationship with China and didn’t want to harm it.

On Wednesday, Biden authorized a ban on certain new US investments in delicate technologies like computer chips in China.

The second-largest economy in the world, China, stated that it was “gravely concerned” about the decision and retained the right to take action.

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