Hunter Biden and other children of political leaders are favored elites in the Chinese mode.
Mainstream media have mostly ignored or dismissed as “old claims” the interim Senate report into Hunter Biden’s shady business dealings in Ukraine, but the most explosive content in the report may be his engagement with China. The report details how the Democratic presidential nominee’s son has “extensive connections to Chinese businesses and Chinese foreign nationals that are linked to the Communist government.”
Consider, for example, the Bohai Harvest RST (BHR) investment fund, partly owned and directed by Hunter Biden and Chris Heinz, the stepson of former Secretary of State John Kerry, through their private equity fund, Rosemont Seneca Partners. Chinese companies, including some large state-owned enterprises such as the Bank of China (BOC), controlled and funded 80 percent of BHR, and Chinese government authorities approved the deal to establish the fund after Hunter Biden traveled to China with then-Vice President Joe Biden in 2013.
Why would China’s largest state-owned bank—whose mandate is to support the Chinese government’s strategic goals with capital—want to start a business with a relatively small and unknown American private equity fund? The obvious answer is to buy influence in the United States through the children of two of the most prominent officials in the Obama administration.
Beijing’s investment in BHR soon paid off. In 2015, the fund played a key role in securing approval by the Obama administration and the Committee on Foreign Investment in the United States (CFIUS) for the sale of the Michigan-based Henniges Automotive to one of China’s main military aircraft makers, Aviation Industry Corporation of China (AVIC). The approval of this deal surprised many. AVIC had previously been in the news for allegedly stealing “technologies related to the US F-35 stealth fighter,” technologies then used in China’s own new stealth fighter, the J-31.
Hunter Biden’s business dealings in China also led him to work closely with Ye Jianming, chairman of CEFC China Energy, who reportedly has close ties to both the Chinese government and the PLA. Although a private company, CEFC had routinely struck deals that made no business sense but helped the Chinese government advance its geopolitical goals........... To Read More.....
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