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Will China bail out Biden?

Renmin University professor Jin Canrong has Washington’s attention. The senior director for China at the US National Security Council, Rush Doshi, cited him two dozen times in a new book entitled “The Long Game: China’s Grand Strategy to Displace American Order.”

Professor Jin’s warning on Friday at the “Observer” (guancha.cn) website that US inflation might lead to the bankruptcy of the US government will be read carefully in Washington – especially because Jin claims that China can help America out of its economic problems.

“The United States is in a state of mental transition,” the Chinese academic averred, citing the late Elizabeth Kübler-Ross’s five stages of grieving: denial, anger, bargaining, depression and acceptance. America was in denial three years ago, and shifted to anger, but “some sane people may be ready for the third stage,” and “be ready to bargain.”