Tag: China

China Expands Its Surveillance Capabilities in America’s Backyard, Report Finds

Virginia Star Staff
Xi Jinping

China’s surveillance efforts off the coast of America’s shores are expanding, according to a new report from the Center for Strategic and International Studies (CSIS) on Monday.

China has been closely collaborating with Cuba — located just about 200 miles off the coast of Florida — to expand its military and intelligence presence on the island since at least 2019. Satellite imagery reviewed by CSIS appears to show that Cuba is building on its existing infrastructure in the region and now has multiple signal intelligence (SIGINT) facilities on the island, furthering concerns that the Chinese Communist Party (CCP) is attempting surveillance efforts inside the U.S., according to The Wall Street Journal.

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Pentagon Doesn’t Know If It Funds Dangerous Biological Research in China, New Audit Reveals

Just the News
Medical research lab

Despite years of warnings that China operates an illicit biological weapons program, the U.S. military remains unable to determine whether it sends American tax dollars to Beijing for research that could make pathogens more dangerous or deadly, the Pentagon’s chief watchdog declared in a stunning new warning to policymakers.

“The DoD did not track funding at the level of detail necessary to determine whether the DoD provided funding to Chinese research laboratories or other foreign countries for research related to enhancement of pathogens of pandemic potential,” the Pentagon inspector general concluded in a report released this month.

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‘Incompetence’: Pentagon Doesn’t Know How Much Money It Sent to Chinese Entities for Risky Virus Research

Virginia Star Staff
Science Lab

The Department of Defense (DOD) does not know how much money it directly or indirectly sent to Chinese entities to conduct research on viruses with pandemic potential, according to a new report by the DOD’s Office of Inspector General (OIG).

The OIG’s report found that DOD has supplied Chinese entities — whether directly or indirectly via subgrants — with taxpayer cash to research pathogens and the enhancement thereof, but the exact figure is unknown because of “limitations” in the DOD’s internal tracking system. Government funding for such research in China has come under scrutiny since the coronavirus pandemic, which multiple government entities believe started when an engineered virus leaked from a Chinese laboratory that was hosting U.S. government-backed gain-of-function research.

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Commentary: The Dangerous Consequences of an Open Border

Virginia Star Staff
Illegal Migrants

On a quiet Friday morning on May 3, two men posing as subcontracted Amazon drivers pulled their truck up to the main gate entering Quantico Marine Base in Virginia.

The men did not present approved access credentials and had no affiliation with the base. They claimed they were making a delivery to the post office.

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China Lands on the Far Side of the Moon in Historic Mission

Just the News
China Moon Landing

by Madeleine Hubbard   China on Sunday landed an unmanned spacecraft on the far side of the moon in a landmark mission to retrieve what is expected to be the first ever rock and soil samples from the dark lunar hemisphere. The Chang’e-6 craft, which is equipped with its own launcher,…

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Commentary: It Seems That No One Wants to End the Ukraine War Except for Trump

Virginia Star Staff
Ukraine Army

Next month, on June 15 and 16, a high-level peace conference will be held in Bürgenstock, Switzerland, at the request of Ukrainian President Volodymyr Zelenskyy on achieving peace in Ukraine. 70 to 90 countries reportedly will be represented. Some heads of state will attend, including French President Emmanuel Macron and German Chancellor Olaf Scholz.

However, there will be some notable absences—Russia and China. President Biden does not plan to attend and will send junior officials to the conference.

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Commentary: China’s Land Purchases in U.S. Spark Outcry for Federal Solution

Virginia Star Staff
Smithfield Foods factory farm

Over the past two years, nearly half the states in America acted to scrutinize purchases of land linked to China and other foreign adversaries. Concerns focus primarily on national security threats from China, and they’re well-founded.

The federal government has no idea how much real estate Chinese entities own in the United States. The U.S. Department of Agriculture legally is required to track foreign ownership of agricultural land, but underestimates Chinese ownership by at least 50 percent.

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Commentary: Building the Global Nuclear Energy Order Book

RealClearWire
Power Plant

The outlook for nuclear power is bright on the world stage. Global demand for clean nuclear energy is higher than we have ever seen. The U.S. and 20 allied nations pledged to triple global nuclear energy capacity by 2050 at COP28, and a multinational survey reaffirmed last year — the world wants new nuclear. 

In Washington, D.C., bipartisan support for nuclear energy has never been greater. Propelled by the House passing the ADVANCE Act 393-13 this month and momentum for passage in the Senate, Congress deserves some credit this year for working to help speed up the deployment of next-generation reactors, fueling hope for an American future powered by clean energy. 

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Tariff Proponents Say U.S. Needs Trade Fairness, but Critics Warn Costs of American Goods Will Rise

Just the News
Construction site

President Joe Biden held a press conference Tuesday extolling the tariffs on Chinese products — including steel, aluminum, electric vehicles, solar panels and semiconductors — he is rolling out. The president argued that China aggressively subsidizes the products America imports, which makes it difficult for U.S. businesses to compete.

“Back in 2000, when cheap steel from China began to flood the market, U.S. steel towns across Pennsylvania and Ohio were hit hard,” Biden said.

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Biden Jacks Up Tariffs on Chinese Electric Vehicles, Critical Minerals

Virginia Star Staff
BYD Chinese electric car

The Biden administration on Tuesday formally announced significant increases in tariffs targeting imports of electric vehicles (EVs) and other green energy technology from China.

The strengthened tariffs are designed to make it harder for cheaper Chinese green products, like electric vehicles, to flood the U.S. market and displace American companies, the White House said in its official announcement. Beyond EVs and critical minerals, the administration is also increasing tariffs on Chinese steel, computer chips, EV batteries and certain solar components.

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Former DEA Official Warns China is Bringing Its Own Pesticides into U.S. and has Moved Past Fentanyl

Just the News
Derek Maltz Sr

Former DEA Special Operations Director Derek Maltz highlighted how strategic China is when it comes to attacking other countries, and claimed that the opioid crisis facing the U.S. is largely because of China and its connections with Mexican drug cartels that sneak it across the U.S. border.

A former Drug Enforcement Administration official warned about the dangers of China on Monday, claiming the foreign country is bringing its own pesticides into the United States, and that it has expanded past the fentanyl, to a new opioid called “nitazenes.”

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Commentary: China’s Land Grab

Virginia Star Staff
Farmland

At both the federal and state levels, elected leaders are paying more attention to national security threats stemming from Chinese-owned real estate in the United States.

The totality of Chinese-owned real estate in the United States remains unknown and, under current law, is unknowable. For agricultural land, Chinese-owned acreage reportedly only constitutes a small share of the United States’ total, but has increased rapidly in recent years, suggesting a growing threat that would best be managed now before it turns into a significant problem.

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U.S. Fails to Counter Threat of Chinese Land Ownership, Report Finds

Virginia Star Staff
Tractor towing hay on a farm

The United States government is not appropriately addressing the threat posed by growing Chinese ownership of American land, according to a report released by the Heritage Foundation Thursday.

The federal government is woefully ill-equipped to track Chinese-owned real estate in the country, despite the serious threat these Chinese Communist Party-affiliated entities can pose to critical U.S. infrastructure, according to the report. The report calls on federal and state leaders to take action, such as increasing transparency and conducting more critical reviews of land purchases.

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Emails Show Facebook Chafed at Biden White House Pressure to Suppress COVID-19 Lab Leak Story

Just the News
Facebook on a smartphone

The preliminary staff report is the result of a months-long investigation into the alleged coercion, where President Joe Biden’s White House reportedly pushed social media platforms such as Facebook, Amazon, and YouTube, to censor books, videos, and posts.

Emails released Wednesday show Facebook officials chafed at the Biden White House pressure campaign to censor reports that the COVID-19 pandemic came from a lab leak in China.

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Fresh Revelations About TikTok Come as Senate Considers the Divestment Bill

Just the News
TikTok app in front of Chinese flag

Pressure is mounting in Washington to finally pass a bill requiring TikTok’s China-based parent company to divest of the popular social media app amid new revelations that the company is much closer to the Chinese government than it has previously claimed.

Now, the House has passed a comprehensive foreign aid package which included a revised TikTok divestment bill. This makes it more likely to become law sooner rather than later as the Senate is set to consider the legislation.

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Apple Cooperates with Chinese Censorship Demands, Removes Popular Messaging Apps from Store

Virginia Star Staff
App Store

Tech behemoth Apple complied with an order from the Chinese government to remove popular messaging apps from the company’s app store in the country, The Wall Street Journal reported Friday.

Apple removed messaging platforms WhatsApp, Signal and Telegram, as well as social media app Threads, from its Chinese App Store in compliance with an order from the Cyberspace Administration of China, which cited national security concerns as the reason for the restrictions, according to the WSJ. China’s order follows a heated debate among U.S. lawmakers over whether to place restrictions on the Chinese Communist Party-linked app TikTok, with some parties calling for the app to either be sold to a non-Chinese entity or be banned in the U.S.

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Chinese Military Companies Have Spent over $24 Million Lobbying the U.S. Government in Recent Years

Virginia Star Staff
Chinese Military

Entities the Pentagon classifies as “Chinese military companies” have spent more than $24 million lobbying the U.S. government since 2020, a Daily Caller News Foundation review of lobbying disclosures found.

Some of the biggest spenders on lobbying included corporations directly tied to human rights abuses and Chinese military research, like telecom giant Huawei, facial recognition software developer Megvii and genomics company BGI Shenzhen. Chinese military corporations cast a wide net across the American government, lobbying the House, Senate and various parts of the executive branch, including the office of the president, often setting their sights on proposed policies that would impact their U.S. operations, according to a DCNF review of congressional disclosures and legislative records.

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Commentary: Free Traders Are Wrong – It’s Time to Try Trade a New Way

Virginia Star Staff

A recent Daily Mail poll showed 54 percent of voters support Trump’s proposal to put 10 percent tariffs on most imports, from China or not. This is sacrilege to American free traders.

The free-trade globalization crowd – who saw the 80s up to early 2000s as their heyday– believe in a world that does not exist the way they say it does on paper. Do you think Germany allows Ford Mustang’s into their country tariff free? EU charges Ford a 10 percent tariff, four times what we charge their automakers.

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House Republicans Raise Alarm over China’s Potential Use of U.S. Funds in Military Research

Just the News
Rep. Cathy McMorris Rodgers

House Republicans are urging the Government Accountability Office, Congress’s nonpartisan watchdog, to investigate what safeguards the National Institutes of Health has in place to ensure China does not use research funds to bolster its military or unethically use humans in research studies.

“Recent reports have raised concerns about the NIH’s ability to screen for national security issues,” the Republicans, led by House Energy and Commerce Committee Chair Cathy McMorris Rodgers, Wa., wrote in a letter Tuesday to Government Accountability Office Comptroller Gene Dodaro.

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Commentary: With ‘Friends’ Like Obrador, Enemies Like Putin, Xi, Kim Jong are Old News

Virginia Star Staff
President AMLO of Mexico

In a recent 60 Minutes interview, Mexican President Andrés Manuel López Obrador—who prefers to be known as AMLO for short—issued to the Biden administration blackmail demands that sounded more like existential threats.

AMLO warned the U.S. that the current influx of some 10 million illegal aliens through the southern border will most certainly continue—unless America agrees to his ultimatums.

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Chinese Illegal Alien Arrested After Trespassing on Military Base in California

Just the News
Chinese National

A Chinese national was arrested after driving onto a Marine Corps base in California and refusing to leave, U.S. Customs and Border Protection confirmed. 

Border Patrol agents confirmed to a local news outlet that the Chinese national was arrested Wednesday after entering onto the base in Twentynine Palms.

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Commentary: The Biden EV Plan Needs American Mining

RealClearWire
Mining Work

The Biden administration has just supercharged the electric vehicle (EV) revolution. With its finalized tailpipe emissions rule, the administration expects that by 2032 70% of new U.S. car sales will be electric.

This lightning-fast transformation of the nation’s car fleet faces myriad challenges but perhaps none are greater than sourcing the minerals needed for millions of EVs and addressing the nation’s alarming reliance on Chinese-controlled mineral supply chains.  

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Kansas Lawmakers Pass Bill Banning Chinese Land Purchases Near Military Sites After DCNF Investigation

Virginia Star Staff
Jake LaTurner in front of farm land (composite image)

The Kansas House of Representatives passed a bill Wednesday preventing foreign adversaries from buying up land near sensitive military sites following a Daily Caller News Foundation investigation.

In an 84-39 vote, the Kansas House passed SB172, which prevents firms and entities linked to China and other countries identified as foreign adversaries from purchasing agricultural land within 150 miles of a military installation. The bill’s passage follows on the heels of a DCNF investigation that discovered the parent company of a firm that planned to buy land in Kansas is extensively tied to the Chinese Communist Party (CCP). The DCNF’s investigation was based on research conducted by The Heritage Foundation Oversight Project and Heritage Action.

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U.S. to Announce Major Shakeup in Military Ties with Japan as China Threat Looms

Virginia Star Staff
Navy Ships

The U.S. and Japan will announce a historic upgrade to security ties, including a collaborative military command, next month as the two former adversaries move closer together in determination to counter China, according to media reports published Monday.

Chief among the changes under consideration involves sending a four-star general, the highest peacetime rank, to head U.S. Forces Japan (USFJ) and jointly oversee a military command with Japan for planning and exercises, Reuters reported, citing two sources familiar with the discussions. Tokyo also hopes to establish a new Japanese Self Defense Forces (SDF) headquarters, whose head will serve as the Japanese counterpart to the American four-star, by March of 2025, the sources said.

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Impeachment Probe Dramatically Pivots to Questions of CIA, DOJ Coverup in Hunter Biden Case

Just the News

After a bombastic hearing with Hunter Biden’s business partners, House impeachment investigators are dramatically pivoting to allegations of a possible coverup in the first son’s criminal tax case as the inquiry transitions to a new phase.

On Thursday, the House Judiciary Committee sued the Justice Department seeking to force two attorneys there to comply with subpoenas and testify about whether there was any political interference in Hunter Biden’s tax prosecution.

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House Committee Examines Threats to U.S. Food Security from Chinese Ownership of Land, Facilities

Just the News
Combine in field

The House Agriculture Committee took a close look Wednesday at the influence of China on America’s food supply.

The committee also heard testimony concerning Chinese companies activities in the U.S., allegedly stealing intellectual property and purchasing supply chain assets that American farmers depend on to produce crops.

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Firm Tied to China’s Military Industrial Complex Plans to Roll Out Massive Battery Chemical Plants in U.S.

Virginia Star Staff
Shenzhen Capchem Technology plant floor

The Chinese manufacturer of chemicals for electric vehicle batteries planning to build two U.S. factories has long-standing ties to China’s military industrial complex, a Daily Caller News Foundation investigation found.

Capchem Technology USA, the wholly-owned subsidiary of China-based Shenzhen Capchem Technology (Capchem), plans to build factories in both Ohio and Louisiana that would produce components for electric vehicle batteries. Chinese government documents reveal the Chinese chemical giant was selected over a decade ago to conduct aerospace research for China’s military industrial complex as part of a program overseen by a blacklisted Chinese government agency.

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Commentary: If H.R. 7521 Was Only About TikTok, the Bill Would Only Apply to TikTok

Virginia Star Staff
TikTok Social Media

“The TikTok bill gives Biden the power to ban websites & apps run by ‘a person subject to the direction or control of a foreign person or entity.’ Given that Biden routinely smears political opponents as being under the control of Putin, the danger should be obvious.”

That was entrepreneur David Sacks on X (formerly Twitter) on March 13 noting the fact that H.R. 7521, which has easily passed the House and is now on a fast track in the U.S Senate will give the President, right now it’s Joe Biden but also future presidents, can force divestiture of any website or application or else have it removed from hosting services if the President determines it is run by “a person subject to the direction or control of a foreign person or entity” including Russia, China, North Korea or Iran.

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Commentary: Biden Administration Abuses U.S. Intelligence Community to Undermine Netanyahu’s Leadership

Virginia Star Staff
President Joe Biden and Israel Prime Minister Benjamin Netanyahu

Something reprehensible happened this week during a Senate Intelligence Committee hearing on the U.S. Intelligence Community’s annual worldwide threats report. In addition to discussing threats to our country from China, Russia, Iran, North Korea, and terrorist groups, the report questioned the leadership of Israeli Prime Minister Benjamin Netanyahu and said large protests in Israel demanding his resignation could drive him from power.

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Senate Intel Chair: ‘There May Need to be Certain Changes Made’ to House-Passed TikTok Bill

Just the News
Senator Mark Warner

Sen. Mark Warner, D-Va., chairman of the Senate Intelligence Committee, expects the House-passed bill that could lead to a ban on TikTok in the U.S. might need to be amended in the Senate

Warner told reporters last week the changes could involve the timeline that it requires Bytedance to divest in the popular smartphone app.

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Elon Musk Defends Trump and Slams Establishment Media for Taking Quote Out of Context

Just the News

Tesla CEO Elon Musk is defending former President Donald Trump on Sunday after multiple establishment media outlets ran headlines stating that the former president warned the U.S. would see a “bloodbath” if he is not reelected.

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Commentary: America’s Intelligence Community is Broken

Virginia Star Staff
CIA Logo

In the current discourse surrounding the U.S. Intelligence Community (IC), a prevailing narrative has emerged, as highlighted in a recent Politico article, that mistakenly warns of a future Trump administration’s destruction of the IC as we know it. This perspective is biased and misguided. The real crisis in the Intelligence Community is not what Trump will do if reelected but how to resolve the total erosion of public trust in the IC due to the actions of the D.C. intelligence establishment over the past several decades.

The intelligence officials quoted by Politico, in decrying politicization, ironically contribute to it, exacerbating the broader loss of faith in our institutions. The Intelligence Community, a cornerstone of our national security, must operate insulated from politics — a necessity for its credibility and effectiveness in safeguarding national interests.

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Beijing’s Military Hacked U.S. Nuclear Firm Before Hunter Biden Aided Chinese Bid to Acquire It

Just the News

U.S. officials were acutely aware that Beijing was trying to obtain America’s premiere nuclear reactor technology, including through illicit hacking, months before Hunter Biden and his business partners sought to arrange a quiet sale of an iconic U.S. reactor company to a Chinese firm, according to court records and national security experts.

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Hunter Biden, Partners Aided Chinese Bid to Corner Nuclear Energy Market with U.S. Tech, Memos Show

Just the News

While his father was still vice president, Hunter Biden and his business partners tried unsuccessfully to help a Chinese energy firm acquire one of the United States’ premier nuclear technology companies in a secret attempt to “control” the global market, according to new evidence turned over to Congress in President Joe Biden’s impeachment inquiry.

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GOP-Led House Passes Bipartisan Bill to Force China Company Bytedance to Divest Stake in TikTok

Just the News

A bill to require the Chinese company Bytedance to divest its stake in TikTok within 165 days or face a ban on the popular smartphone application in the U.S. passed on the House floor in a bipartisan vote on Wednesday.

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Virginia Police Academy Signs Graduation Documents in Chinese Despite Law Designating English as Official Language

Tom Pappert
Herndon Police Chief Maggie DeBoard and Major Wilson Lee

Police in Fairfax County are reportedly refusing a request by Herndon Police Chief Maggie DeBoard to reissue ceremonial police academy graduation documents after they were signed in Chinese. English was declared the “official language of the Commonwealth” in 1996.

The graduation certificates were signed by Major Wilson Lee of the Fairfax County Police Criminal Justice Academy, who according to NBC 4 Washington is Chinese-American. Lee has reportedly held the position for more than a year, but the outlet explained the Herndon Police Department only recently received its first batch of new graduates from the academy since Lee began his tenure.

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House Panel Unanimously Passes Bill to Ban TikTok in U.S., Final Vote as Early as Next Week

Just the News
TikTok China

A GOP-led House committee has unanimously passed a bill that attempts to ban TikTok nationwide on all electronic devices.

The bill passed the House Energy and Commerce Committee on Thursday and could get a final vote as early as next week, amid concerns about the China-based owner of the popular, short-form video platform giving user data to the Chinese Communist Party.

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Chinese Investors Flee Country’s Market as Beijing Fails to Prop Up Economy

Virginia Star Staff
Li Qiang

Chinese investors are racing to put funds in offshore assets as Beijing fails to successfully prop up the country’s ailing economy, according to Reuters.

China’s Qualified Domestic Institutional Investor program, which serves as an avenue for investors in the country to buy foreign securities, jumped 50% in January year-over-year, butting up against the $165.5 billion limit that Beijing has set on the fund, according to Reuters. Li Qiang, China’s premier, announced on Tuesday steps to transform the country’s development model and increase growth that has failed to pick up since the COVID-19 pandemic, with factors like deflation, poor household consumption and huge real estate debts dragging down the economy.

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Biden Admin to Investigate Chinese-Made ‘Smart Cars’ Posing Potential National Security Risks

Virginia Star Staff
Gina Raimondo

The Biden administration announced Thursday it will investigate Chinese-made “smart cars,” citing national security risks and surveillance concerns.

The investigation will center around concerns that Beijing could use Chinese smart cars inside the U.S. to collect information on the driver and the area surrounding the vehicle, according to the White House. U.S. intelligence agencies have warned that China has capabilities allowing it access to a score of key infrastructure systems, which could potentially be exploited in the event of a global emergency.

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Report: US EV Manufacturing Faces ‘Extinction-Level Event’

The Center Square
Electric Vehicle Factory

An Alliance for American Manufacturing report called for tariffs to protect the U.S. electric vehicle market from an “extinction-level event” caused by Chinese competitors.

The report follows Chinese EV maker BYD, the world’s largest EV maker, releasing a $14,000 EV in February that could “demolish” domestic EVs, often $40,000 more expensive.

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Rep. Mark Green Tells CPAC That ‘Every American Should Be Scared to Death’ as Chinese Nationalists at Border Hits High

Just the News

Republican lawmakers and a former immigration official are sounding a new alarm about the national security threats facing the U.S. at the U.S.-Mexico border.

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‘Serious Problems’: Global Plague of Recessions Could Infect U.S., Experts Say

Virginia Star Staff
Office Meeting

The recessions currently plaguing several major countries around the world could be what drags the U.S. into an economic downturn of its own, experts told the Daily Caller News Foundation.

Germany announced on Monday that it fell into a technical recession in the fourth quarter of 2023, after reporting its second month in a row of negative growth, following several other top nations experiencing economic difficulties. While the U.S. has managed to avoid a recession due to its size and diverse industries, foreign economic malaise may drag the U.S. economy down through changes to trade and global inflation that would lead to a loss for American businesses, experts told the Daily Caller News Foundation.

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Nonprofit ‘Building Bridges’ Between China and U.S. Heartland Has Deep Ties to Communist Party Influence Network

Virginia Star Staff
Farm House

A politically-connected Midwestern nonprofit focused on “building bridges” with China has extensive ties to groups and individuals who are affiliated with the Chinese Communist Party’s (CCP) influence arm, the Daily Caller News Foundation has found.

The Missouri-based United States Heartland China Association (USHCA), a 501(c)3 bipartisan organization, characterizes its mission as “building bridges and promoting opportunities” between U.S. officials and businesses in Midwestern states and China. USHCA runs a number of U.S.-China programs, including agricultural roundtables, business seminars, student forums and political junkets to China.

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Commentary: The Pandemic Treaty That Won’t Prevent a Pandemic

RealClearWire
World Health Organization

If a “pandemic treaty” fails to account for the dismal international response to COVID-19 and isn’t focused on preventing future pandemics, is it really a “pandemic treaty”? Yet that’s the current state of the draft “pandemic treaty” being negotiated under the auspices of the World Health Organization (WHO).

The failures of the international health system’s response to COVID are well-established. The People’s Republic of China failed to inform the international community of the outbreak in a timely manner as required by the International Health Regulations – a provision established because of Beijing’s cover-up of the 2002 outbreak of severe acute respiratory syndrome (SARS). China mischaracterized COVID-19 saying that there was no evidence of human-to-human transmission—a deadly lie that the WHO parroted unquestioningly.

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Commentary: Biden Staffer Who Mishandled China, Iran Secrets Retains High-Security Pentagon Job

RealClearWire

While Special Counsel Robert K. Hur has raised the issue of mental deterioration in explaining why he declined to prosecute 81-year-old Joe Biden for illegal retention and sharing of classified documents, the president chose another rationale to declare himself not culpable: He shifted the blame to the staffers who boxed up his records as he left the vice president’s office in 2017.

At a press conference hastily assembled after the report’s release, Biden said he assumed his aides had shipped “all” the documents to the National Archives in College Park, Md. “I wish I had paid more attention to how the documents were being moved and where,” he said. “I thought they were being moved to the Archives. I thought all of it was being moved [there].”

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Special Counsel’s Report Gives Impeachment Inquiry New Leads in Biden-Ukraine Saga

Just the News

On the heels of the long-awaited report by Justice Department special counsel Robert Hur on the possession and potential mishandling of classified documents by President Joe Biden, several of the memos cited in the report that were found in Biden’s possession are eliciting questions from Congress about why Biden retained those documents related specifically to countries where his son was conducting his foreign business dealings. The House Oversight Committee has demanded that the Department of Justice provide them access to the classified documents uncovered by the special counsel’s investigation.

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China’s Real Estate Collapse Infecting Troubled American Sectors

Virginia Star Staff
China Real Estate

The crumbling Chinese real estate sector is starting to put properties around the world on the market at deep discounts, threatening debt-laden American commercial developers and the U.S. banks holding the loans, according to Bloomberg.

In a bid to pay off massive debts, Chinese real estate developers are having to offload a huge number of properties onto the global market, depressing prices even further for a sector that already has had borrowing cost hikes, causing a loss of $1 trillion in office property values, according to Bloomberg. The drop in property values hits American commercial real estate particularly hard due to the huge amount of debt the sector holds and the dwindling U.S. demand, with banks that hold the debt also fearing they may lose out on their investment.

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