Biden calls ‘ticking time bomb’ and misstates China’s GDP growth – Salt Lake City, Aug 10, U.S. President Joe Biden on Thursday called China a “ticking time bomb” because of economic growth, but misquoted China’s growth rate.

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“They have got some problems. That’s not good because when bad folks have problems, they do bad things,” Biden said at a political fundraiser in Utah.

Biden said on Thursday that he didn’t want to hurt China and maintains a rational relationship with China, but has grim predictions for China’s future.

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“China is a ticking time bomb … China is in trouble. To keep growing, China was growing at 8% a year. Now it’s almost 2% a year,” he said.

According to data from the National Bureau of Statistics of China, the economy grew by 4.5% in the first quarter and 6.3% in the second quarter. The GDP from April to June increased by only 0.8% month-on-month, compared with 2.2% in the first quarter. a quarter.

China’s foreign ministry had no immediate comment.

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Biden’s remarks were reminiscent of comments he made at another fundraiser in June when he referred to President Xi Jinping as a “dictator.” China called those remarks a provocation.

The discussion came shortly after U.S. Secretary of State Anthony Blinken completed a visit to China to stabilize relations between the two countries. Beijing says U.S.-China relations are at their lowest level since formal ties were established in 1979.

On Wednesday, Biden signed an executive order banning some new U.S. investment in China in sensitive technologies such as computer chips. China, which has the world’s second-largest economy, said it was “deeply concerned” about the order and reserved the right to act.

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China’s consumer sector fell into deflation and factory-gate prices extended declines in July, contrasting with inflation elsewhere in the world.

The United States, the world’s largest economy, has fought high inflation and seen a robust labor market.

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