Biden's Concerns Over China's Economic Troubles as a 'Ticking Time Bomb'

President Joe Biden referred to China as a "ticking time bomb" due to its economic troubles and weak growth, stating that when bad actors face problems, they tend to engage in negative actions. This comes after Biden previously called President Xi Jinping a "dictator" at a fundraiser in June. China's consumer sector has fallen into deflation, and factory-gate prices continue to decline, suggesting a potential era of slower economic growth. Biden signed an executive order prohibiting certain new U.S. investments in China's sensitive technologies, which has raised concerns from China. However, Biden expressed his desire for a rational relationship with China and stated that he did not want to harm the country.