Despite otherwise being historically unproductive, the U.S. Congress in 2023 was uniquely focused on U.S.-China relations.
Factional infighting stymied most legislative activity, but former Speaker of the House Kevin McCarthy (R-CA) established a new House Select Committee on Strategic Competition Between the United States and the Chinese Communist Party in January 2023, setting off a horse race of oversight efforts related to the U.S.-China bilateral relationship.
By December 2023, over 40 China-focused Congressional hearings had been held, vastly outstripping an average of 10 China-focused hearings per year dating back to 2017.
“It has absolutely missed the best timing for an IPO,” said Jin Lu, senior vice president of The Asia Group ...
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