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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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