TRADE WARS
Biden calls China 'ticking time bomb' over economic woes
Biden calls China 'ticking time bomb' over economic woes
by AFP Staff Writers
Salt Lake City, United States (AFP) Aug 11, 2023
US President Joe Biden said Thursday that China's mounting economic problems make the country a "ticking time bomb."

"China is a ticking time bomb in many cases," Biden said at a private fundraising event in the western state of Utah.

The Democrat pointed to the country's high unemployment and aging workforce, saying "China is in trouble."

"When bad folks have problems, they do bad things," he said.

Biden offended Beijing in June by describing his counterpart Xi Jinping as a "dictator," in a comment slammed as a "provocation" by China's foreign ministry.

Biden insisted Thursday that he was seeking "a rational relationship with China."

"I don't want to hurt China, but I'm watching," he said.

The United States recently relaunched its dialogue with China, with a succession of visits to Beijing by senior American officials, including chief diplomat Antony Blinken.

The aim of Blinken's trip was to turn the page on recent tensions surrounding a Chinese balloon described as a "spy" operation that was shot down by the United States in February.

Related Links
Global Trade News

Tweet

TRADE WARS
Nervous investors trade cautiously ahead of US inflation report
Hong Kong (AFP) Aug 10, 2023
Asian markets were mixed Thursday ahead of much-anticipated US inflation data, which comes against a backdrop of renewed concerns that the Federal Reserve could announce another interest rate hike before the end of the year. The feel-good factor that characterised much of July has given way to uncertainty about the US central bank's plans following a mixed jobs report and warnings from policymakers that more was needed to finally get prices under control. Ongoing weakness in China's economy - a ... read more

TRADE WARS
Northrop Grumman begins producing NGI solid rocket motor booster cases

Berlin offers to extend Patriot missile deployment in Poland

Lockheed Martin achieves milestone in PAC-3 MSE Integration with Aegis Weapon System

Swiss want in on Germany's Sky Shield plan

TRADE WARS
Pentagon eyes missile testing role for Australia

Ukraine says five wounded in Russian missile strike in Dnipro

US to help Australia boost missile manufacturing

Ukraine air force says 36 Russian cruise missiles downed

TRADE WARS
Russia says it shot down two Ukrainian drones targeting Moscow

'From Ukrainians without love': Drone fundraiser taunts Moscow

Ukraine says downed 30 cruise missiles, 27 drones overnight

Three Ukrainian drones downed over Moscow: Russia defence ministry

TRADE WARS
Lockheed Martin completes CDR for Tranche 1 Transport Layer Satellites

Northrop Grumman achieves key milestone in Arctic Satellite Broadband Mission

Hisdesat announces the launch of first SpainSat NG satellite for summer of 2024

ATLAS Space launches Freedom Space for Government Missions

TRADE WARS
RTX boosts battlefield communication during Northern Edge 2023

L3Harris, Team Lynx contracted for next phase of US Army's Mechanized Infantry Combat Vehicle

US and Australia use war games to focus on long-range firepower

Bulgaria to send armoured vehicles to Ukraine in U-turn

TRADE WARS
Iraq asks US, UK to extradite suspects in massive graft scandal

BAE profit jumps as Ukraine war boosts defence spend

UK defence ministry probes emails accidentally sent to Mali

China provides warfare parts, helps Russia evade sanctions, U.S. intelligence says

TRADE WARS
US praises China role in Saudi-led Ukraine talks

Tuberville blockade leaves 2 seats on Joint Chiefs unconfirmed for first time in history

China, Russia foreign ministers hail cooperation in call

Philippines accuses China Coast Guard of firing water cannon at its boats

TRADE WARS
World Nano Foundation highlights nanotech's role in space materials science