China's getting its money's worth for its investment in Biden's son?
Republicans see Joe Biden's dismissive comments about China as a weakness to be exploited, turning his foreign policy resume into a campaign weakness.Biden appears out of touch with the reality of China's unfair trade practices. China's investment in his son's business appears to be a winner for them.
Biden has twice made comments downplaying the threat posed by China in the short time he has been running for president, contradicting Republicans and Democrats alike.
"Our workers are literally three times as productive as workers in the Far East, I mean, excuse me, in Asia," Biden said during a campaign stop in New Hampshire on Tuesday.
"And so, what are, what are we worried about?" he said.
The former vice president expressed similar sentiments in an Iowa campaign stop in May.
"China is going to eat our lunch? Come on, man!" Biden told the crowd.
"They're not competition for us," he said.
That comment was roundly criticized, including by Bernie Sanders, a rival primary contender.
Republicans argue that American workers face a disadvantage because of China's unfair trade practices and theft of intellectual property. Approximately 3.4 million U.S. jobs were lost to the trade deficit with China between 2001 and 2017, according to a study by the Economic Policy Institute, a left-of-center think tank, and the country loses as much as $600 billion due to Chinese intellectual property theft per year. President Trump has bet much of his presidency on confronting China and revising the terms of trade.