In the event of a Biden victory, we will face the reality that Beijing has been paying off the president-elect for over a decade.
By: Curtis Ellis
We all know how Hunter Biden received over $1 billion for his investment partnership after traveling to Beijing with his father on Air Force Two.
We also know how Hunter Biden’s fund, Bohai Harvest Rosemont (BHR), helped a Chinese defense contractor purchase Henniges Automotive, a manufacturer of anti-vibration equipment that has military applications. AVIC, the maker of the People’s Liberation Army’s fighter jets, has been implicated in multiple cases of industrial and military espionage and is on the Pentagon’s list of companies controlled by the Chinese military.
But there is far more to the Biden investment story.
How China Bought Biden Influence
A recently released intelligence report based on public sources in China shows high ranking Chinese Communist government officials showered the Biden family with millions of dollars over the years.
The report shows Hunter Biden’s 2013 Bohai Harvest Rosemont (BHR) investment partnership is a Chinese state-managed operation with direct ties to the politburo. BHR was set up by institutions within the People’s Republic of China Ministry of Foreign Affairs. The Ministry of Foreign Affairs runs operations designed to buy, influence, or otherwise curry favor with foreign officials and opinion leaders.
The information in the intelligence report is derived from public records in China—IPO prospectuses, news reports, and corporate records. Any journalist who wishes to look can review. And upon review, it is impossible to escape the conclusion that Hunter Biden’s firm, in which he holds a 10 percent equity stake, is actually operated and owned by China.
Hunter Biden paid $400,000 for a 10 percent stake in the fund in 2017. By that time, based upon the fund’s $6.5 billion assets under management and standard industry fees, his stake would be worth at least $50 million.
The report explains the Biden family Chinese investment partnership runs through Chinese Ministry of Foreign Affairs official Yang Jiechi. Yang had once served at the Chinese embassy in Washington and would have met with then-Senator Biden regularly.
Yang currently serves in the politburo and as the director of the Office of Foreign Affairs of the Communist Party of China. He is CCP General Secretary Xi Jinping’s right-hand man on foreign affairs.
The Hunter Biden investment partnership was managed through specific agencies of the Ministry of Foreign Affairs, assigned with “carry[ing] out government-directed policies and cooperative initiatives with influential foreigners without being perceived as a formal part of the Chinese government.”
The primary broker arranging the BHR investment partnership was Michael Lin, a Taiwanese national living in Hong Kong. Lin has worked for key Chinese state firms known to engage in illicit technology transfer. Several national intelligence agencies have confirmed that Michael Lin is a person of interest for his work on behalf of Beijing. Lin is now detained in China.
Between April 7 and 9, 2010, Hunter took a business trip to Beijing where he joined several meetings with some of China’s most powerful state financial institutions including the general manager of the China Investment Corporation (CIC), one of the world’s largest sovereign wealth funds backed by the Ministry of Finance, and the CEO of China Life, a state-owned enterprise controlled by the Ministry of Finance.
Hunter was introduced as the chairman of Rosemont Seneca and the second son of the Vice President Joe Biden. The stated purpose of his visit was to “deepen mutual understanding and explore the possibility of commercial cooperation.”
Hunter’s BHR would go on to partner with China Life and CIC subsidiary companies such as the Bank of China.
The conclusion is inescapable: The Chinese state has invested in Hunter Biden. His investment partnership is a subsidiary of the Bank of China, a state-owned bank operated by the Chinese Ministry of Finance. The Chinese government organizations surrounding Hunter Biden are known to the United States government as intelligence and influence operatives.
Here is the entire report. Judge for yourself.
Spinning Chinese Tyranny
The media has spent years warning that Russia had compromising material that could be used to extort President Trump. That has been proven to be a fantasy.
But the well-documented financial partnerships and relationships between the Biden family and CCP-controlled entities present a very real prospect for extortion.
This is how the CCP operates. It influences its targets not (only) with recorded liaisons with prostitutes but also with lucrative business deals.
And Hunter Biden is not the only target.
This week, the CCP held a two-day summit in Shanghai to woo foreign investors. Attendees included former U.S. Treasury Secretary Robert Rubin, Bloomberg chairman Peter Grauer, Goldman Sachs President and Chief Operating Officer John Waldron, and Bridgewater Associates hedge fund manager Ray Dalio.
Dalio has been a leading pimp for Beijing’s thug regime. In a warm-up for the summit, he took to the pages of the Financial Times to accuse CCP critics of prejudice and “a persistent anti-China bias.” Dalio also praises China’s command economy. “Whatever criticisms you may have about Chinese state capitalism,” he writes, “you cannot say it hasn’t worked.”
You could say the same about the CCP concentration camps, and Dalio does, offering the CCP party line dismissal: “a strong hand is needed to maintain order, what happens inside [China’s] borders is its business, and the U.S. has its own human rights problems.”
Dalio helpfully instructs readers that the techno-surveillance panopticon the CCP uses to control citizens “reinforces positive social norms while also promising vast efficiencies.”
Dalio opines, “In the long run, timeless and universal truths determine why countries succeed or fail.”
You might think those “timeless and universal truths” Dalio refers to include respect for God, individual dignity, human rights, freedom of thought, speech, worship, personal liberty and property rights.
Think again.
Hard-nosed Master of the Universe Ray Dalio “objectively compares China with the U.S.” and concludes “the fundamentals clearly favor China.”
In the event of a Biden victory, we will face the reality that Beijing has been paying off the president-elect for over a decade.
But whichever way the election goes, we have to confront the reality that worship of Mammon and the Chinese Communist Party have corrupted America’s elite institutions from Washington and Wall Street to Harvard Yard.