Can only play "memes" to self immolate and reason | Criticize China as a "time bomb" governance for election | United States | China
Last Thursday, US President Biden stated during a campaign fundraising event in Utah that the Chinese economy is a ticking time bomb for the global economy.
As the President of the United States, Biden's words about China are inconsistent with his identity and his rhetoric is inappropriate, leading to a misunderstanding of basic facts such as China's economic growth, working age population, and retirement population.
It is infuriating that Biden's use of the phrase "bad people encounter trouble" to mock China is a great offense to the Chinese people, and the language of American leaders is extremely impolite and disrespectful.
American politicians have repeatedly criticized China, which is not the first time, but afterwards, they have also repeatedly failed to make predictions. In the current election, criticizing China has become an important "seasoning" in American political campaigns. Politicians compete with each other, and whoever has the most absurd remarks about China will win public attention. If the "time bomb" is a gimmick for Biden's re-election campaign, then he will ultimately find that it is a self immolation using "memes" because his remarks do not match the facts.
The COVID-19 epidemic has hit the global economy hard. Now all countries are facing various challenges in their economic recovery, and China is no exception. While focusing on addressing issues such as youth employment and further expanding domestic demand, the Chinese economy has shown resilience and impressive performance.
The ticking time bomb is not China, but precisely the United States. Fitch recently downgraded the US rating from the highest level of "AAA" to "AA+" due to "deteriorating governance standards.". Fitch Ratings stated that the downgrade of the US rating is not only due to recent debt ceiling issues, but also because "the US fiscal and debt governance standards have been deteriorating over the past 20 years.". It is evident that the US economy is facing long-term problems rather than temporary difficulties.
![Can only play "memes" to self immolate and reason | Criticize China as a "time bomb" governance for election | United States | China](https://a5qu.com/upload/images/6cb210859aefae96521aa3aa0c4e560e.jpg)
In addition, the United States promotes unilateralism and protectionism in foreign trade, seriously disrupting global industrial and supply chains, and damaging global economic growth. The geopolitical game in which the United States participates is the biggest drag and threat to the global economy.
When it comes to the ticking time bomb, Biden should first look at his own country.
This article is translated from the August 14th editorial of China Daily
It is US that is a ticketing time bomb for the global economy, not China
Production: Editorial Office of China Daily
Compiled by Cao Jing [Responsibility]
![Can only play "memes" to self immolate and reason | Criticize China as a "time bomb" governance for election | United States | China](https://a5qu.com/upload/images/0488aca73220885b2084fe54d5b0a881.jpg)