China Finishes Off Year with Sluggish Growth as Economy Fails to Recover

China flag

China’s economy grew at a rate of 5.2% in 2023, failing to return to the same growth of around 6% year-over-year that was common before the COVID-19 pandemic, according to The Wall Street Journal.

The year’s growth was an improvement on the even worse growth in 2022, which totaled just 3% for that year, and economists expect similar sluggish growth in 2024 unless a big policy change occurs, according to the WSJ. A number of different indicators added to the dismal report, including real growth in urban disposable income, which grew at just 4.8% in 2023 and was the lowest year since 2002, barring 2020 and 2022.

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Senators Raise Questions about EV Mandates and Subsidies Going to China

The Senate Committee on Energy and Natural Resources has been scrutinizing the intersection of electric vehicle mandates and supply chains to meet them, and how EV subsidies could empower China, which controls a lot of those supply chains.

Sen. Joe Manchin, D-W.Va., chair of the committee, said he doesn’t have any problem with electric vehicles.

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Second-Largest Foreign Owner of U.S. Land Is a Chinese Communist Party Member

Chen Tianqiao

The second-largest foreign landowner in the U.S. is a Chinese billionaire who it has been determined is a member of the Chinese Communist Party (CCP), according to a Daily Caller News Foundation review of Chinese-language news reports.

Chen Tianqiao, the founder, chairman and CEO of global investment firm Shanda Group, owns approximately 200,000 acres of land in Oregon, according to Land Report. Chen also has extensive ties to the Chinese government, ranging from CCP membership to executive roles in CCP-affiliated organizations, according to a DCNF review of Chinese-language media reports.

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Commentary: The Immediacy of the PRC Threat Requires Shift from a Focus on Land Power to Maritime Power

One of the biggest news stories coming out of Asia for the New Year was the alleged purge of senior People’s Liberation Army (PLA) officers, most notably the former PRC Minister of Defense Li Shangfu who went missing in late August 2023 and was formally removed from his position in October. This so-called purge, which also included three senior defense industry officials, was in fact the result of the Chinese Communist Party’s (CCP) annual announcement of the new slate of delegates for the upcoming Chinese People’s Political Consultative Conference (CPPCC), an advisory body of the PRC’s annual National People’s Congress (NPC), that is held each year, usually in early March.

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Pressure Grows in Congress to Determine If Bidens Got Defensive Intel Briefing on China Deal

The FBI conducted FISA surveillance on one of Hunter Biden’s Chinese business partners while other federal prosecutors secured evidence that a second Chinese associate of the first family was present when foreign bribery payments were made. And a major bank reported to the U.S. Treasury Department that in 2017 a $5 million loan the Bidens got from a Chinese energy company smacked of a Beijing influence operation targeting Joe Biden before he was president.

A fast-growing body of evidence from bank transactions to court transcripts is putting pressure on Congress to resolve an important question: Did Joe Biden or any of his family members get a defensive briefing from U.S. intelligence that some of their foreign business partners had unsavory ties or were engaged in criminal behavior?

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Biden Admin Watered Down Vetting Process for Chinese Illegal Immigrants, Email Shows

The Biden administration drastically simplified the vetting process for Chinese illegal immigrants in April 2023, according to an internal U.S. Customs and Border Protection (CBP) email obtained by the Daily Caller News Foundation. The April 2023 email, which was sent by a CBP supervisor to a “master list” of about 500 Border Patrol agents, instructs CBP officials to radically reduce the number of interview questions for Chinese migrants apprehended after illegally crossing into the country from roughly 40 to just five. The “headquarters guidance” came as border agents were overwhelmed with near-record numbers of illegal crossings.

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Ballot Battles, Impeachment Inquiry, Indictments Disrupt Election Cycle

The Republican primary’s Iowa caucuses are scheduled for January 15, the first chance for voters to determine who they want to represent their party in November’s presidential election.

Iowa’s January caucuses are a regular tradition for a presidential primary season that – this time around – has been unusually enshrouded in indictments, impeachment inquiries and lawsuits heading into election year.

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Foreign Policy Problems Promise to Plague Biden Admin in 2024

The Biden administration faced several major problems on the international stage throughout 2023, some of which will bleed into the new year.

President Joe Biden and his administration have tried to manage major threats and circumvent obstacles from several foreign nations in 2023, including from those in East Asia, Eastern Europe, the Middle East and South America. Many international problems the Biden administration dealt with in 2023 have not been solved and have continued to metastasize going into 2024.

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