China's Determined Humiliation of Biden Officials Amidst Intensifying Domestic Issues
China is using "diplomatic theater" to humiliate senior Biden officials and cover up its intensifying economic problems, according to Stuart Varney. The lack of respect shown to Treasury Secretary Janet Yellen and Secretary of State Antony Blinken during their visits to Beijing highlights China's determination to display its strength and America's weakness. However, China's aging population, unfunded pension liability, collapsing real estate market, and slowing economy pose significant challenges that are being ignored and covered up. Despite these problems, China must maintain its arrogance to uphold the deal it has with its people: political power in exchange for prosperity.