Biden called China’s economy a “ticking time bomb.” Which countries will suffer?

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Last week, US President Joe Biden called China a “ticking time bomb” after consumer prices fell there for the first time in two years, and gave an ominous warning about the potential for China to do “bad things” during difficult economic times. Biden’s warning comes with China-US relations at a low. The US president signed an executive order earlier in the week that blocks US venture capital firms from investing in sensitive Chinese tech like advanced computer chips. Advertisement China’s economic woes can be partly attributed to the pandemic and its zero covid policy, which persisted long after highly effective...