In a recent political fundraiser, President Joe Biden sounded the alarm on China’s economic challenges, likening the nation to a “ticking time bomb.”
He cited concerns over high unemployment and an aging workforce, highlighting the potential consequences of instability.
These remarks echo his previous characterization of President Xi Jinping as a “dictator,” further straining relations between the two nations.
President Biden’s executive order restricting US investment in sensitive technologies like computer chips and AI adds to the growing tensions. As China’s economic situation remains uncertain, geopolitical ramifications loom.