U.S. President Joe Biden speaks as he holds a press conference with Finland's President Sauli Niinisto in Helsinki, Finland, July 13, 2023. REUTERS/Kevin Lamarque/File Photo
Bloomberg: Biden fears China's economic problems are ‘ticking time bomb' posing danger to world
Throws barbs at Xi Jinping in fundraising speech President Joe Biden blasted China’s economic problems as a “ticking time bomb” and referred to Communist Party leaders as “bad folks,” his latest barb against President Xi Jinping’s government even as his administration seeks to improve overall ties with Beijing.
In comments that included several major inaccuracies about the world’s second-largest economy, Biden said at a political fundraiser Aug. 11 that China was in “trouble” because its growth has slowed and it had the “highest unemployment rate going.”
He also blasted Xi’s signature Belt and Road Initiative as the “debt and noose,” because of the high levels of lending to developing economies associated with the global investment program.
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WNU Editor: The US President quoted some inaccurate numbers .... Biden misstates China's GDP growth, calls its economy a 'ticking time bomb' (Reuters).
As to what is my take on the President's concerns. I am more concerned on where the US economy is going than the Chinese economy.
Update: This is not the best way to approach China if you want better ties .... China is run by ‘bad folks’ – Biden (RT).
U.S. President Biden Says The Chinese Economy Is A “Ticking Time Bomb”
China a ‘ticking time bomb’ because of economic woes, Joe Biden warns -- The Guardian
President Biden says China's economy is a 'ticking time bomb' amid growth and demographic issues -- Business Insider
Biden says China is 'ticking time bomb' due to economic woes -- FOX News
Biden calls China ‘ticking time bomb,’ citing economic challenges -- The Hill
Biden’s ‘ticking time bomb’ remark referred to China’s economy: White House -- Al Jazeera
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