Biden calls China ‘ticking time bomb’ over economic woes

News Snapshot:

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...