Space Industry and Business News
TRADE WARS
Biden calls China 'ticking time bomb' over economic woes
Biden calls China 'ticking time bomb' over economic woes
by AFP Staff Writers
Salt Lake City, United States (AFP) Aug 11, 2023

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 rational relationship with China."

"I don't want to hurt China, but I'm watching," he said.

The United States recently relaunched its dialogue with China, with a succession of visits to Beijing by senior American officials, including chief diplomat Antony Blinken.

The aim of Blinken's trip was to turn the page on recent tensions surrounding a Chinese balloon described as a "spy" operation that was shot down by the United States in February.

Related Links
Global Trade News

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
TRADE WARS
Nervous investors trade cautiously ahead of US inflation report
Hong Kong (AFP) Aug 10, 2023
Asian markets were mixed Thursday ahead of much-anticipated US inflation data, which comes against a backdrop of renewed concerns that the Federal Reserve could announce another interest rate hike before the end of the year. The feel-good factor that characterised much of July has given way to uncertainty about the US central bank's plans following a mixed jobs report and warnings from policymakers that more was needed to finally get prices under control. Ongoing weakness in China's economy - a ... read more

TRADE WARS
New method simplifies the construction process for complex materials

Sensing and controlling microscopic spin density in materials

Umbra achieves Commercial SAR milestone with 16-cm resolution

DLR harnesses 3D Printing for efficient production of spaceflight components

TRADE WARS
Lockheed Martin completes CDR for Tranche 1 Transport Layer Satellites

Northrop Grumman achieves key milestone in Arctic Satellite Broadband Mission

Hisdesat announces the launch of first SpainSat NG satellite for summer of 2024

ATLAS Space launches Freedom Space for Government Missions

TRADE WARS
TRADE WARS
Present and future of satellite navigation

New Galileo station goes on duty

Potential earthquake precursor discovered through GPS measurements

Northrop Grumman's new airborne navigation system achieves successful flight test

TRADE WARS
Military-run Mexican airline to take off in December

NASA software developers take autonomy from simulation to flight

Cathay Pacific rebounds to first-half profit as travel picks up

DLR conducts first flight of HyBird demonstrator

TRADE WARS
Tough memory device aims for space missions

Simple superconducting device may slash energy use in computing

Novel hardware approach offers new quantum-computing paradigm

Vienna scientists enhance magnonic computing with spin wave insights

TRADE WARS
Planet completes acquisition of Sinergise; Set to Expand Planet's Earth Data Platform

BlackSky signs Rocket Lab for five launches

IBM collaborates with NASA to launch Geospatial AI on Hugging Face

China launches its latest meteorological satellite

TRADE WARS
Inner city delivery hubs raise child health fears after UK court battle

Indonesia capital becomes world's most polluted major city: monitor

Tunisian brand turns sea plastic into green couture

Plastic litter in oceans overestimated, study suggests

Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.