US President Joe Biden has bad thoughts – due to the economic challenges, he sees a “ticking time bomb” in China…
“You have some problems. That’s not good, because when bad people have problems, they do bad things,” Biden said at an event for Democratic Party donors in Utah.
Consumer and factory prices in China fell further in July. The country slipped into deflation. Many experts take this as a sign of a slowdown in China’s economy and slower economic growth.
Biden wants ‘rational relationship’
“China is in trouble,” Biden said Thursday. He does not want to hurt China and wants a rational relationship with the country.
U.S. President Biden on Wednesday signed an executive order authorizing the U.S. Treasury Department to ban or restrict certain U.S. investments in Chinese companies in three industries: semiconductors and microelectronics, quantum information technologies, and certain artificial intelligence systems.
China “very disappointed”
At the time, the Chinese government was “very disappointed” with the actions of the United States. The restrictions would “seriously undermine the interests of Chinese and American companies and investors,” the Chinese embassy in Washington said. China will closely monitor the situation and resolutely defend its rights and interests.
Source: Krone
I am Wallace Jones, an experienced journalist. I specialize in writing for the world section of Today Times Live. With over a decade of experience, I have developed an eye for detail when it comes to reporting on local and global stories. My passion lies in uncovering the truth through my investigative skills and creating thought-provoking content that resonates with readers worldwide.
