Welcome to Biden/Obama country where Democrats are colluding with China to bring down US economy

  The troubling reason why Biden is so soft on China  

Why is Joe Biden so warm toward China?

Last week, Biden raised eyebrows when he shrugged off concerns over the China threat. “Come on, man,” Biden said. “I mean, you know, they’re not bad folks, folks. But guess what, they’re not competition for us.”

Perhaps Biden’s insouciant attitude toward the Chinese government has to do with the fact that his family does not consider them competitors but business partners.

In 2013, then-Vice President Joe Biden and his son Hunter Biden flew aboard Air Force Two to China. Less than two weeks later, Hunter Biden’s firm inked a $1 billion private equity deal with a subsidiary of the Chinese government’s Bank of China. The deal was later expanded to $1.5 billion. In short, the Chinese government funded a business that it co-owned along with the son of a sitting vice president.

If it sounds shocking that a vice president would shape US-China policy as his son — who has scant experience in private equity — clinched a coveted billion-dollar deal with an arm of the Chinese government, that’s because it is.

Until the publication of my book, “Secret Empires,” no one knew the deal took place. Indeed, it took me and a team of seasoned investigators nearly two years to unearth and report the facts.

Without the aid of subpoena power, here’s what we know. The businesses of Hunter Biden and his partners created a series of LLCs involved in multibillion-dollar private equity deals with companies owned by the Chinese government.

The centerpiece of these deals is Rosemont Seneca Partners, an investment firm controlled by Hunter Biden and his associates: Chris Heinz, who is John Kerry’s stepson, and Heinz’s longtime associate Devon Archer. The trio founded Rosemont Seneca in 2009 and quickly began making deals through a series of overlapping entities under the Rosemont name.

   AG William Barr: China has launched ‘economic blitzkrieg’ to topple US 

Attorney General William Barr warned on Thursday that the Chinese Communist Party has launched an “economic blitzkrieg” to topple the US from its perch as the world’s superpower, laying out the threat as the most important issue of this century and calling for the free world to join together in a “whole of society approach” against it.

“How the United States responds to this challenge will have historic implications and will determine whether the United States and its liberal democratic allies will continue to shape their own destiny or whether the CCP and its autocratic tributaries will control the future,” Barr said during a speech at the Gerald R. Ford Presidential Museum in Grand Rapids, Mich.

“The People’s Republic of China is now engaged in an economic blitzkrieg — an aggressive, orchestrated, whole-of-government (indeed, whole-of-society) campaign to seize the commanding heights of the global economy and to surpass the United States as the world’s preeminent superpower,” he continued.

By exceeding World Trade Organization quotas on domestic output, “it is clear that the PRC seeks not merely to join the ranks of other advanced industrial economies, but to replace them altogether.

“The General Secretary of the Chinese Communist Party, Xi Jinping, who has centralized power to a degree not seen since the dictatorship of Mao Zedong, now speaks openly of China moving ‘closer to center stage,’ ‘building a socialism that is superior to capitalism,’ and replacing the American Dream with the ‘Chinese solution.'”

Barr said China’s “Made in China 2025” initiative seeks to dominate high-tech industries like robotics and information technology and electric vehicles, which “poses a real threat to US technological leadership.”