joe biden china a ‘ticking time bomb’ because of economic woes
The President of the United States, Joe Biden, has called the People’s Republic of China a “ticking time bomb in many cases” because of its economic problems and challenges.
The US President said that China was in trouble because of weak growth and economic woes. He highlighted China’s high unemployment and ageing workforce.
The US President was attending a political fundraiser in Utah, a landlocked state in the Mountain West subregion of the Western United States, on Thursday. During the event, he said, “China is in trouble. They have got some problems. That’s not good, because when bad folks have problems, they do bad things.” He further said that he never wanted to hurt China. Biden added that he wanted to establish a rational relationship with China.
In June, Biden called Chinese President Xi Jinping a “dictator.” Subsequently, China slammed the United States. The Chinese officials called it a “political provocation.”
Antony Blinken, United States Secretary of State, also paid a visit to China. He wanted to establish a good relationship between the two countries. He met Qin Gang, a Chinese diplomat and politician who is serving as State Councilor of China. Blinken also invited him to the United States.
Earlier this month, the United States Department of State invited China’s recently reappointed Foreign Minister Wang Yi to Washington. Matthew Miller, State Department spokesperson, confirmed that the US invited the Chinese minister.
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Earlier this month, US Assistant Secretary for East Asian and Pacific Affairs Daniel Kritenbrink and Yang Tao, Director-General of North American and Oceania Affairs at China’s Foreign Ministry also held a meeting.
According to reports, the economy of China went into trouble in July. The consumer price index of China fell 0.3 per cent in July, according to a report by the National Bureau of Statistics of China (NBS).