Biden’s ‘ticking time bomb’ remark referred to China’s economy: White House

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Biden’s ‘ticking time bomb’ remark referred to China’s economy: White House

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US President told political fundraiser that China was in trouble due to internal economic and social tensions. US President Joe Bidens comment about China being a ticking time bomb referred to internal economic and social tensions that could have an effect on how Beijing interacts with the world, a White House official has clarified. Biden said at a political fundraiser on Thursday that China was in trouble and beset with economic and social problems. Thats not good because when bad folks have problems, they do bad things, Biden said. China is a ticking time bomb, he said. China was growing at 8 percent a year to maintain growth. Now, close to 2 percent a year, Biden said, misstating the countrys growth rate. Data from Chinas National Bureau of Statistics showed the Chinese economy grew 4.5 percent in the first quarter and 6.3 percent in the second, with the gross domestic product (GDP) up just 0.8 percent in April-June from the previous quarter after a 2.2 percent expansion in the first quarter. Biden also said that he wanted a rational relationship with China. White House spokesperson John Kirby told reporters on Friday that one area of US concern regarding China was the way that they bully and coerce and intimidate countries around the world by offering high-interest infrastructure loans and then seizing assets when countries defaulted. Bidens comments have drawn a sharp response from Beijing. Chinese embassy spokesperson Liu Pengyu warned Washington against scapegoating Beijing and fanning division and confrontation. We oppose the US side seeking to make an issue of China, smearing China or talking down Chinas prospects, he said in a statement to the Reuters news agency on Friday, without mentioning Biden by name. Liu said Chinas GDP growth continued to provide important support for the development of the global economy. Chinas state-run Global Times media outlet said that Biden made the demeaning and smearing comments to distract the domestic audience from issues in the US and to give his presidential campaign a boost. Global Times quoted Xin Qiang, deputy director of the Center for American Studies at Fudan University, as saying that most US presidential candidates will take aim at China during the 2024 presidential elections. China would be a campaign target to distract voters from ingrained US domestic problems such as abortion, guns and drugs, Xin told Global Times. The news outlet also said that despite recent high-level exchanges between US and Chinese officials, there had been no real easing in bilateral relations between Washington and Beijing . Since the US side is unlikely to change its foreign policy on issues such as the Taiwan question, the South China Sea and economy and trade, and especially the high-tech sector , it will be more aggressive toward China on these issues, Global Times said, citing experts. US President Joe Biden purposely demeans and smears #China to distract #US audience's attention away from domestic issues and gain political benefits during the 2024 US presidential election by claiming China is a "ticking time bomb," says Chinese expert. https://t.co/jRsunWeMot Global Times (@globaltimesnews) August 11, 2023 Kirby said the US which also moved this week to limit outbound investment in certain Chinese sectors had been consistent about pushing back against Chinas behaviours. Weve never shied away from calling it like we see it when it comes to [Chinas] behaviour, intimidation and coercion of not only their neighbours but countries around the world, he said. This is a difficult, complex bilateral relationship, the most consequential one in the world. The president understands that. But that doesnt mean there isnt still a need to continue to improve our lines of communication. Kirby did not comment on whether Bidens latest comments would scuttle plans for the US president to meet with President Xi Jinping later this year, possibly on the sidelines of next months Group of 20 leaders summit in India.