Biden’s Remark on Chinese Economy Raises Questions and Concerns

Biden’s Remark on Chinese Economy Raises Questions and Concerns
U.S. President Joe Biden participates in a video meeting with Chinese leader Xi Jinping on Nov. 15, 2021. Alex Wong/Getty Images
Mark Hendrickson
Mark Hendrickson
contributor
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Commentary

Earlier this month, at a fundraising event, President Joe Biden referred to the economy of China as a “ticking time bomb.” What are we to make of this remark?

Mark Hendrickson
Mark Hendrickson
contributor
Mark Hendrickson is an economist who retired from the faculty of Grove City College in Pennsylvania, where he remains fellow for economic and social policy at the Institute for Faith and Freedom. He is the author of several books on topics as varied as American economic history, anonymous characters in the Bible, the wealth inequality issue, and climate change, among others.
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