Former US vice president and Democratic presidential hopeful Joe Biden has dismissed the idea that China, the world’s second-largest economy, poses much of a threat to the United States. “China is going to eat our lunch? Come on, man,” he said at a campaign stop in May. “China isn’t in competition with us. . . . They can’t figure out how they’re going to deal with the corruption that exists within the system. They’re not bad folks, folks. Guess what—they’re not competition for us.”