US President Joe Biden called China a “ticking time bomb” due to the growing economic problems in the country and the slow growth of the Chinese economy.
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They have some issues. This is not good, because when bad people have problems, they do bad things, the American leader said in the west in Utah, writes Reuters.
According to him, now Beijing is in trouble and Washington does not want to harm it, but only seeks to build rational relations.
Earlier, Biden called Chinese leader Xi Jinping a “dictator” a day after the visit to China of the head of the US State Department, Anthony Blinken, who negotiated the stabilization of US-China relations. Then Beijing expressed outrage about the unacceptability of such statements against the Chinese leader.
The latest statistics show that China’s consumer sector is highly likely to have fallen into deflation, with producer prices continuing to fall in July. China is likely to enter an era of slower economic growth, with consumer prices and wages stagnating.
Recall that Biden recently signed a decree to limit US investment in the production of certain types of technologies and products related to national security in China.
Source: Racurs
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.