Biden Labels China as an Economic Time Bomb

President Biden raised concerns on Thursday about China’s economic challenges, including high unemployment and an aging workforce. He referred to China as a “ticking time bomb” at the center of the global economy and a potential threat to other nations. The president made these remarks during a fundraising event in Park City, Utah, where he has consistently criticized China, even as his administration attempts to ease tensions between the two countries.

During a separate event in California earlier this summer, President Biden referred to President Xi Jinping as a “dictator” who had been kept unaware of a spy balloon incident that occurred in the United States. These comments demonstrate the president’s willingness to address China’s actions while also seeking to maintain a constructive relationship between the two countries.

President Biden emphasized that he aims for a “rational relationship with China” and recognizes China as America’s primary economic competitor. He stated his intention not to harm China while remaining vigilant. The president’s remarks highlight the complex diplomatic efforts being undertaken by his administration to ease tensions with China while addressing the economic and military threats posed by the country and its Communist leadership.

The relationship between the United States and China has become strained due to incidents such as the spy balloon revelation and the discovery of malicious computer code within critical networks. President Biden, however, emphasizes a desire for competition rather than conflict with China and has taken steps to prevent direct military confrontations over territorial disputes or Taiwan’s future.

Recently, high-ranking American officials have engaged in discussions with their Chinese counterparts, and Commerce Secretary Gina Raimondo is expected to visit China soon. Despite these efforts, the Biden administration has aggressively acted to contain China’s rise and restrict its ability to strategically benefit from technologies developed in the United States. This includes an executive order banning American investment in certain Chinese technology industries that could bolster China’s military capabilities.

President Biden’s remarks may complicate attempts to arrange a face-to-face meeting between him and President Xi in the coming months. The two leaders have not met personally since attending the Group of 20 summit in Indonesia last November. While the White House has not confirmed whether they will meet at the Asia-Pacific Economic Cooperation summit in San Francisco later this year, President Xi is expected to attend.

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