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Biden calls China a 'ticking time bomb' due to economic troubles

  • US President Joe Biden called China a "ticking time bomb" due to its economic challenges and weak growth, suggesting that when bad people face problems, they tend to engage in negative actions.
  • Biden's remarks echo his previous comments in June when he referred to Chinese President Xi Jinping as a "dictator," which China viewed as a provocation.
  • China's consumer sector experienced deflation and factory-gate prices continued to decline in July, indicating the possibility of slower economic growth in contrast to inflation in other parts of the world.
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Lean Left

As a “ticking time bomb,” that's how U.S. President Joe Biden described China. The economy is in the doldrums, the population is aging and the administration is...

·Antwerp, Belgium
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  • 47% of the sources lean Right
47% Right

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Reuters broke the news in United Kingdom on Thursday, August 10, 2023.
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