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- China's economy is plagued with problems and is a "ticking time bomb," President Biden said.
- The president pointed to sluggish growth and high unemployment in the nation.
- China has seen a so-far disappointing economic recovery since dialing back pandemic restrictions.
China's economy is a "ticking time bomb" as the nation sees sluggish growth in its economy and worrying demographic issues, according to President Joe Biden.
At a Utah fundraiser on Wednesday, the president pointed to various problems plaguing China's economy, including the country's weak growth prospects and high unemployment rate.