Joe Biden says that China is a “ticking time bomb”. Here’s why President Biden said on Thursday that he didn’t want to hurt China and wanted to have a good relationship with the country, but he also said that China’s future would not be good.
President Biden said on Thursday that he didn’t want to hurt China and that he wanted a good relationship with the country. However, he said that he thought China’s future would be bad.
“They are in trouble. “That’s not a good thing, because bad people do bad things when they have problems,” Joe Biden said at a campaign fundraiser in Utah.
China has problems. China was growing at a rate of 8% per year to keep rising. Now, it’s close to 2% a year,” he said.
China’s National Bureau of Statistics showed that the economy grew 4.5% in the first quarter and 6.3% in the second. However, between April and June, the GDP only grew 0.8% from the previous quarter, after growing 2.2% in the first quarter.
China’s foreign minister didn’t say anything right away.
Joe Biden’s words were similar to what he said about President Xi Jinping at a different dinner in June, when he called him a “dictator.” China said that those comments were an insult.
These words came soon after US Secretary of State Antony Blinken returned from a trip to China, where he tried to improve relations that Beijing said were at their worst since formal ties began in 1979.
On Wednesday, Joe Biden signed an order that will stop the US from investing in secret technologies like computer chips that are made in China. China, which has the second biggest economy in the world, said it was “gravely concerned” about the order and that it was keeping its options open.
In July, China’s customer prices went into deflation, and factory-gate prices kept going down. This was different from the rest of the world, where prices went up.