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Biden Offers China a Vital Economic Lifeline

Posted on Saturday, November 25, 2023
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by Ben Solis
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87 Comments

AMAC Exclusive – By Ben Solis

Colorful waving national flag of china on a american dollar money background. finance concept

During what appears to be China’s most vulnerable economic moment in decades, President Joe Biden is offering the communist country a vital lifeline by lifting sanctions in response to empty promises from Xi Jinping.

A number of factors are contributing to China’s increasing economic instability – the most basic of which is Xi Jinping’s commitment to failed Marxist-socialist principles and the teachings of Mao Zedong. Xi Jinping’s mother Qixin, one of the most important figures in Xi’s life, ingrained a love of Mao in her son from a young age. When Mao’s regime punished and exiled Xi’s father, Qixin did not blame Mao, but rather other high-ranking Chinese Communist Party (CCP) officials.

Qixin once told a party media official that among the first songs Xi heard as a baby was the cultural revolution anthem, “The Sun is Reddest, Chairman Mao is Dearest.” Xi’s future wife, Peng Liyuan, a singer, sang that song on her first date with Xi. In a recent edition of the CCP’s party newspaper, Xi was quoted as saying, “Mao Zedong Thought is the crystallization of the revolutionary will and practice of hundreds of millions of people. It was, is, and will be the guiding ideology for all our work.”

Dr. Wen Yuhang, who defected from China in the early 1980s and advised European and Latin American governments, told me in an interview that under Xi, within the CCP, family ties are less important than devotion to the CCP like during the Mao era.

Harry Wu, a former political prisoner in China, told me in 2008 that “Xi genuinely and fervently worships Mao, since he is his god.” Xi’s worldview revolves around principles entirely contrary to Western political and economic philosophy. “Xi’s encounters with the West have only solidified that cult,” Harry added.

Just as it has in every other communist regime throughout history, Xi’s devotion to Marxist economic principles due to his love for Mao has led China to the brink of ruin.

China is also facing a looming population collapse that is wreaking havoc on their national economy. The National Health Commission reported in October that China saw just 9.56 million births in 2022, the lowest figure since 1949. As a result, the population declined for the first time in six decades last year.

However, the interpretation of such news in China differs from the Western perspective. The demographic crisis, double-digit youth unemployment, and drying up capital are merely “an interim period of educative hardships” rather than a sign of any crisis, according to the Chinese state media. “The ‘self-pursuit of hardship’ is the most important thing I ask of myself,” Chinese television has quoted Xi as saying.

Chinese officials have done their best to hide the country’s economic struggles, but contradictory information paints an alarming picture of the real economic situation. Questions abound.

For instance, how could firms listed in the Shenzen stock market report $2.1 trillion in revenue in the first nine months of 2023 when both the Chinese economy and worldwide economic growth lagged?

Moreover, how could such a stagnating economy finance massive imports of foreign oil, and where was that oil going? Recent reports indicated that in the first half of 2023, China imported 12 percent more crude oil per day than the year prior.

The answer is that the CCP is desperately trying to mask the country’s deep economic struggles. But some signs are impossible to hide.

According to preliminary data on China’s balance of payments, foreign direct investment crashed by 34 percent in September after recording double-digit falls every month since May. Direct investment liabilities, a gauge of foreign capital flowing into the country, were at a deficit of $11.8 billion in the second quarter of 2023, the lowest of any quarter since 2000 and down from $21 billion in the first three months of the year.

Yet at this moment of vulnerability, the CCP appears to be getting a boost from the Biden administration.

Biden has reversed or suggested that he might reverse many Trump-era sanctions on the communist nation, including ones that resulted in the delisting of Chinese companies from U.S. stock exchanges. In a recent interview, Cassandra Seier, the Head of International Capital Markets at the New York Stock Exchange, suggested changes favorable to China in the coming months. Seier spoke specifically about “opening” and observing “healthy revival signs of Chinese companies” after a “two-year” freeze. “Now, we’re waiting for the right market timing for those companies to come and list on the NYSE,” she said.

In October, the Biden administration also trumpeted its “sweeping” new limits on advanced semiconductor technology to China. But a month later, China’s Commerce Ministry website said that Minister Wang Wentao was set to welcome California-based microchip producer Micron Technology to the Chinese market. Micron’s CEO Sanjay Mehrotra expressed his willingness “to continue to expand investment in China.”

Following his face-to-face meeting with Xi earlier this month, Biden also announced that he was lifting sanctions on China supposedly in exchange for Beijing’s cooperation in cracking down on fentanyl production. But as critics have pointed out, China has never followed through on such promises in the past, and this move only incentivizes Xi to allow more drugs to flow into the United States to use as leverage in future negotiations.

While Biden portrays himself as “tough on China” in public, indications are that his administration has actually offered a vital economic lifeline to a struggling Chinese economy.

As China continues to threaten world security and Western civilization, Americans may now have to face the troubling fact that their own president is enabling the United States’ greatest strategic adversary.

Ben Solis is the pen name of an international affairs journalist, historian, and researcher.

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Allen
Allen
4 months ago

Once again Biden looks out for China before he is for our own country. This will alternately prove my point. Biden will historically go down as one of the worst presidents we have ever had.

Shirley
Shirley
4 months ago

Our ‘president’ pays our adversaries to maintain their strength so – Biden’s family business, selling U.S. secrets, continues to generate income for the Biden family.

Harry
Harry
4 months ago

The USA was s great place until Biden sold us out and ruined it. Soon we will be controlled just like the Chinese people. Biden took our energy, our rights and created prices we cannot afford. Just as Marxist leaders around the World have done to CONTROL the people.

Harry
Harry
4 months ago

Biden is a Marxist and gave away our energy, took our rights and made everything so costly we cannot afford anything. You know who has done this in the past? All Marxist Communist Leaders. You know why? To totally Control us . And we are letting it happen!

David Millikan
David Millikan
4 months ago

Can always count on Obama (Fast and Furious SCAM, Open Borders, Pay Terrorist $Billions, Surrender to and support Terrorist giving them $Billions in U.S. Military equipment and weapons,), H. Clinton (Benghazi, Russia, Russia Hoax), SWAMP QUEEN pelosi (Inside Trading and Communist China ties), and Dictator Beijing biden (Killed Energy Independence, Surrender to and Support Terrorist giving $Billions in U.S. Military equipment and weapons, Illegal Alien Terrorist Invasion, INFLATION, Increased Crime, Pays Terrorist $Billions) to bow down to their Communist China buddies by SELLING OUT the United States.
Each taking bribes from Communist China and other countries. Dictator Beijing biden STEALS Sensitive Highly Classified Documents from the White House and hides them in Chinatown and his open garage in his corvette among many other places. And the FBI and DOJ don’t charge him with espionage and treason not to mention outright theft of government documents. Remember the DOJ didn’t charge H. Clinton for Destruction of government property and using her private cellphone for Classified Information on an OPEN LINE or for her Fake Russia Dossier PAID by her and the DNC.
Yet, they FALSELY charge President Trump with FAKE indictments for doing nothing wrong because he’s the Number One political opponent and the judges are so CORRUPT just like the DOJ, FBI , and Dictator Beijing biden. All this on the Orders of Communist China to their Communist China Puppet Dictator Beijing biden and Obama.
Don’t think we don’t know that Obama and H. Clinton are not behind this also since ALL Democrats (with exception of 1 or 2) Bow Down to their Master in Communist China.
And Dictator Beijing biden gives ALL of OUR MONEY and JOBS to Communist China, and every other country in the world but to the UNITED STATES of AMERICA.
President Trump made sure that ALL JOBS and OUR MONEY went to US.
President Trump NEVER bowed down to Communist China or Iran, Russia, or any other country or paid TERRORIST. President Trump NEVER surrendered to terrorist either. Nor did President Trump allow Illegal Alien Terrorist to INVADE our country by the MILLIONS.
Inflation continues rising along with crime, and we’re still in a Recession.
All this thanks to Election Fraud and Election Interference by the Democrats who are the Number One Enemy of the United States.
As for the lie on Global Warming as a threat to the United States is so hilarious. There is NO Global Warming just as ONLY 171,000 people died from the China Virus. NOT the 1 million or so the FASCIST liberals, CDC, FAKE NEWS, and Fauci lied about. The Bird Flu is 60 times more deadlier than the China Virus and we didn’t have Illegal Mask Mandates or Illegal Vaccine Mandates or Lockdowns. Nor did we wear masks with Bird Flu or Swine Flu. Above all, not everybody that died was counted as dying as such like they did with China Virus. Remember that ALL accidents, heart attacks, old age, natural causes, etc. were ALL counted as China Virus deaths. Not one person died of the flu during this FAKE pandemic. It was ALL about POWER and CONTROL and to see who would bow down without question.
Let’s not also forget the intrusion of what choice WE MAKE of what products WE WANT. NOT what the FASCIST liberals tell us what we can only have or use. That is pure FASCISM people. It’s NONE of their business on what kind of car , furnace, a/c, or any other thing I use or CHOOSE to buy.
And this Half-size FOOD product garbage for 3 times more or Definitely Higher in price MUST END NOW. Bad enough being taxed to death with no income left thanks to Dictator Beijing biden’s Inflation Increase Act so he can pay his Socialist/Communist agenda and give it ALL to his Illegal Alien Terrorist Invasion buddies and Communist China. Not to mention the Global Warming scam.
WAKE UP AMERICA!

Rich
Rich
4 months ago

We all know where China Joe stands. Where do We the People stand? Are WE willing to stop buying all the Communist Chinese made products in our stores? We have gotten so drunk on the cheap products of the Communists, we feel we cannot live without them. We have helped make China what it is today, a nation that wants to take over the world, and destroy us. If we tell manufacturers and big box stores that we will not support China anymore and let the products remain on the shelves, the products will start to be manufactured in other countries, maybe even our own! That will hurt China’s bottom line. OR, we could impact China directly just as President Trump tried to do with tariffs, etc. Bottom line, China is out of control and this Resident Biden and his merry bands of socialist/communists are our own worst enemy!

CW
CW
4 months ago

When adversarial regimes are your personal cash cow then you use other people’s money I. E. Our tax dollars to keep them afloat

anna hubert
anna hubert
4 months ago

So he is aiding the enemy while strangling his own And not even a whisper of protest from the swamp This is the election issue not transgender babble or racism etc.

LMB
LMB
4 months ago

Why can’t Congress get this bum IMPEACHED?!?! Disgusting action at every turn!! The braindead diapered sippy cup, moron sniffing women and young girls’ hair, copping a feel off grown women, is so abhorrent that I can’t stand to even look at him without my stomach turning over!!!

David Millikan
David Millikan
4 months ago

Of course Dictator Beijing biden is going to protect his Communist China buddies by putting the United States last at Americans expense.
That’s the democrats motto.

Denise
Denise
4 months ago

China is NOT a friend of this nation! In fact in a few previous articles it’s been made pretty clear Xi’s “ambition” to ultimately take over this nation. After all where does the majority of the cheap and painfully abundant knock offs and in the past, even poisoned pet foods, rubber thongs that caused infections on the feet, more than questionable drugs and of course the winner is…Covid, come from? Forgive the run on sentence. Biden is bought and paid for by China’s dictator. His previous “president” who in one of his speeches opined; “There comes a time in a “man’s” life when he’s made enough money” is now the “proud owner of 3 multi-million dollar mansions”. Biden could also have been programmed by his previous ‘president’ who’s disdain for this nation was made painfully obvious in one of his first two “books”….read those books with a barf bag nearby. Oh, Obama also stated that ” I will stand with the Muslims should the winds change.” Also frequently seen “visiting” the White House during little Joes’ occupation. And lets not forget comrade Bill Gates and George Soros in this mounting morass. The big picture is the sum of many niggling “little” parts coming together to take down this nation’s sovereignty…but the most dangerous part to this nation’s sovereignty… was warned about over 200 years ago…
Patrick Henry: When a nation forgets it’s God, tyrants soon forge it’s chains.”

Stephen Russell
Stephen Russell
4 months ago

China “owns” Biden

Granny26
Granny26
4 months ago

We need to get that idiot out of the white house and also that cackling ho too. Let’s send them both to China on one way tickets.

Pete from St Pete
Pete from St Pete
4 months ago

One cannot understate the depths of stupidity of Biden and his whole administration.

John Bass
John Bass
4 months ago

Of course Diaper Joe will help out Communist China, but he won’t lift a finger to help out America. He’s doing all he can to destroy this country, including helping out our number one adversary, and that should tell you all you need to know about old senile Joe.

Tina Hand
Tina Hand
4 months ago

O’Bidim is now not only aiding and abetting our enemies by leaving our borders wide open, but now giving financial aid to our China!! When will the impeachments begin??

Craig
Craig
4 months ago

what an idiot,, ok he is earning his China pay ..

Ladybug
Ladybug
4 months ago

Biden is pure filth and should be charged with treason and other crimes. Before they hang him put him in GITMO and waterboard the corrupt bastard until he confesses his trashy war against America!

Jackie
Jackie
4 months ago

Joe, whatever happens with impeachment or this China issue, your little “10% off the top” is how I am going to remember you; that is your legacy!!!! Looking out for the paying buddies, right, Joe?? How much are you getting for this decision, Joe?? Are you going to share – no, I was afraid of that selfish answer!! That’s so much better for you, personally, than doing the right thing for the country you were supposedly elected to serve/lead!! I’m disgusted with politicians and their corruption and how they do/don’t do their job!!!

DAE
DAE
4 months ago

With Biden’s Inflation Chinese products now cost what American Made product did back 2019.
Another words in 2019 we thought American products were to expensive, so We bought cheaper Chinese Goods. Now inflation at 30% has us paying 2019 US prices for Chinese products.
Yet, back in 2019 we wouldn’t buy higher priced US Products made by Americans.

Mytake
Mytake
4 months ago

Biden is a chinese puppet. Why is he still in the WH?

Robert Zuccaro
Robert Zuccaro
4 months ago

Finally, they have a campaign slogan- “Bidenomics works: a billion Chinese can’t be wrong!”

GMA
GMA
4 months ago

Useless Biden…handing us over to Xi…

Gabe Hanzeli kent wa
Gabe Hanzeli kent wa
4 months ago

Well, china is paying biden for something so I guess he will help their economy at our expense.

Maybe you dumb leftists/liberals should not be voting democrat!

Dave
Dave
4 months ago

If Everything in this Article is Chinese Fiction. Then Why would China Require Any Economic Assistance From US Tax Payers. Especially at a Time when Americans are Struggling with High Inflation and Outrageous Prices Across the Board at Home?

Mort Gutman
Mort Gutman
4 months ago

Nothing complex here. Biden has been bought and paid for by the Chinese, among others. If you look at his actions with that in mind it all makes sense. The Chinese want some return on their investment.

NinaRae
NinaRae
4 months ago

Simple solution: IMPEACH HIM
Get him OUT of office he is intentionally destroying America!

Larry Mace
Larry Mace
4 months ago

Not surprising. Joe Buyden has sold out to China. He is a traitor, who, either because of belief or blackmail, is determined to destroy American democracy.

George Letavay
George Letavay
4 months ago

Thus is a Chamberlain- Hitler moment!

Jay H.
Jay H.
4 months ago

UNBELIEVABLE!!!! What a communist piece of excrement bidung is!!! While Americans are still suffering from the chinese communist party releasing Covid-19 on the world this worthless meat puppet helps china out before helping average tax paying American citizens. bidung should be tried & then hung for TREASON!!!

Elaine
Elaine
4 months ago

So sad that the supposed leader of the USA is actually selling our country out of existence to protect his monetary investments. At his age exactly what is the point? There is never a safe behind the hearse. What is accumulated here on earth stays here.

Pat R
Pat R
4 months ago

As usual, the USA finances China’s war against us. Same with any deals with Iran. Our politicians never learn, never think any enemy will come after us, try to defeat us, and that we’ll always be able to handle whatever comes our way.
With our military being in such a “gay” mess, etc., this is not a time for such a move. Biden is such a wimp. But no doubt, he’s getting something personally in return, as always (or for son Hunter).

James
James
4 months ago

This shouldn’t surprise anyone. He owes the CCP. He’s a communist sympathizer and indebted to the communist.

paul
paul
4 months ago

biden is bought and paid for by china ukraine russia they paid over 300 million dollars

sue
sue
4 months ago

So when does China get to be responsible for their own mistakes and be accountable for them. China chose the road it is on and the beliefs that they have.Biden doesn’t know about accountabililty and never has had to pay the price for his actions.Glad he wasn’t my father but sad that he is president. STAND FIRM!!

Garyk
Garyk
4 months ago

Not surprised by the marxist democrats kissing up to china,this is the party of America’s destruction.
They bring dishonesty, immorality, corruption,divisiveness and foster hatred between Citizens.
THROW THEM OUT

Art Ward
Art Ward
4 months ago

What more can America expect from the derelict old IDIOT in the White house? A prime example that elections do have consequences!
Come next November, we shall see if American’s have learned anything about which person/party should govern. Don’t hold your breath, American liberal/Marxists are notoriously stupid!

Thinking
Thinking
4 months ago

Bribery wins out over America’s economy. Why is this man not impeached? Who will be able to pick up the pieces when America is no more? When will the Rinos and the reps with independents and even dems see the destruction that is happening today. We are being killed with the climate change. Methane is killing the climate, it is not. Climate change is a way to take all our money to fight this to survive, so they say. It is their way to control the masses. The elites will survive with their private jets and fancy water and huge estate on the shores of the oceans, you know the ones that are boiling and rising by a foot every year. Only they don’t want the average American to have it. Cars will be taken away from us, the car industry is dead. Like the housing industry. Prices are so high no one can afford a home plus the interest rates prohibits many to qualify for a loan, on a house or a car. All to keep the masses in check and take food away that keeps us healthy and alive and give us chemical infused foods and crickets. Bill Gates owns that industry.

1ofHis2
1ofHis2
4 months ago

So why should that surprise anyone? He gets, then he gives. Right back to those who mean the most to him and his family! The enemies of America! Who’s next? Russia?

Nancy Pace
Nancy Pace
4 months ago

I just dont understand why congress Republicans have sat back allowed these evil traitors ppl to take over America destroying it what damage will these ppl do this coming year and do we Americans think they will win the election next year we do by the same fraud they won the last time millions of Biden ballots stuffed in boxes at night and came in the mail at nite feom China at voter counting places what can we Americans do what can you ppl do??

James
James
4 months ago

Biden should be tried and convicted as a traitor to the USA and hung like Benedict Arnold. He would rather help build a communist country than his own and its people. He loves communism so much, he should get out of our country and retire in Communist China. He isn’t wanted or worth anything to the American people.

Commentary
Commentary
4 months ago

The treachery is Soooo blatant. Why isn’t someone calling this out and stopping him? Is everyone in D.C. on China’s payroll?

Commentary
Commentary
4 months ago

The treachery is SOOOO blatant.

No name (Pronounced No Nam Ee)
No name (Pronounced No Nam Ee)
4 months ago

You can trust the communists to be communists. I don’t remember who said that, I think it was Robert Welch founder of the John Birch Society.

TommyD
TommyD
4 months ago

We already know that Biden has been in bed with China for a very long time. Now, they can hold him hostage and get what they want because he fears what they might actually release and let the world know about him and his illegal dealings with them over the years. Why was his criminal son taken along for official government trips in the past? Hunter may be a child in mind but he’s not physically a child, why did the taxpayers pay for him to travel the world with the official American delegation? Of course, the mainstream media is virtually silent and we still haven’t heard much about the “job” Hunter had in Ukraine. When will a real journalist earn themselves a Pulitzer and do some real investigative work like we used to see years ago?

dennis
dennis
4 months ago

Solis is not in touch with reality. China does not need ‘lifeline’ from US, but the other way around. US national debt as it is now = 33 TRILLION $$$. I bet my 67 years of life, that Chinas national debt is not even 1/3 of that. Its obvious that US politicians and media writers like Solis are living in time 50 years past by. In delusion that persistently ignores reality, and tries to live in times long gone..

Kyle Buy you some guns,and learn how to shoot
Kyle Buy you some guns,and learn how to shoot
4 months ago

Let’;s all go to wal-mart and help the Chiunese Comms. Kyle L. P S DONT BUY CHINA PRODUCTS.

mikem
mikem
4 months ago

Idiot!

Michael
Michael
4 months ago

Unfortunately,
There is no one
like him
You are wrong
About GOP but
They don’t have
Compass for sure.

Rik
Rik
4 months ago

Are you drunk or just stupid?

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