Commentary
President Joe Biden has called dramatic attention to China’s economic woes. At a political fundraiser in August, he noted that China’s economy is “in trouble,” describing it as a “ticking time bomb.”
Thinking About China
Opinion
Is Biden Right? Is China a ‘Ticking Time Bomb’?
As Chinese property developer Country Garden defaults, Biden implies that China’s economy is verging on an implosion
U.S. President Joe Biden speaks before signing the CHIPS and Science Act of 2022 during a ceremony on the South Lawn of the White House on Aug. 9, 2022. The centerpiece of the legislation is $52 billion in funding aimed at boosting U.S semiconductor chip manufacturing and continued scientific research in the field to better compete with China, which is increasingly dominant in the sector. Chip Somodevilla/Getty Images
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."
