Pennylynn wrote:
It seemed as though each time Vice President visited China, or talked with Hu Jintao, H****r benefited. One example comes to mind; in 2013, the H****r B***n was part of an official U.S. delegation to China. Ten days later, Rosemont Seneca Partners LLC., a private equity firm managed by H****r, inked a $1 billion deal with the Bank of China. The deal was eventually increased to $1.5 billion. H****r’s deals with China would go on to have serious national security implications for the United States. One such deal was with the automotive subsidiary of Aviation Industry Corporation of China (AVIC), a major Chinese military contractor accused of frequently stealing U.S. military technology.
If you recall, it was during 2013 and 2014, China embarked on an aggressive air and island campaign to dominate the South China Sea, much to the dismay of Japan and other countries in the region. When Vice President Joe Biden visited the country in 2013, he emphasized trade between the U.S. and China and did not focus on the South China Sea. Secretary of State John Kerry did the same in 2014. In other words they were "soft" on China's expansion. Meantime, Biden's son H****r and Kerry's stepson Chris Heinz carried out massive business deals with Chinese officials and the state-owned Bank of China. Worse, H****r B***n and Chris Heinz even invested in a Chinese nuclear company under FBI investigation. The Biden and Kerry families and friends pocketed major cash from companies connected to the Chinese government.
There is an excellent book entitled Secret Empires: How the American Political Class Hides Corruption and Enriches Family and Friends that goes into detail with researchable references. Highly reckoned!
It seemed as though each time Vice President visit... (
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To long to post balance of this article, but it is a good read.. explains events, not only the trump version..
https://www.nytimes.com/2019/10/03/us/politics/h****r-biden-china.html President Trump’s latest broadside against former Vice President Joseph R. Biden Jr. and his son H****r appears to center on a joint venture that involved the younger Mr. Biden and some of China’s leading state-owned financial companies.
But the president’s claims bear little if any relation to the known facts.
Without presenting any evidence, Mr. Trump suggested on Thursday that China showered $1.5 billion on H****r B***n in order to influence his father and win favorable trade deals with the United States.
“That’s probably why China for so many years has had a sweetheart deal where China rips off the U.S.A.” because they deal with people like “Biden where they give the son a billion and a half dollars,” Mr. Trump told reporters on the South Lawn of the White House. He added: “You know what they call that? They call that a payoff.”
Companies associated with H****r B***n or his business partners have struck several deals involving China over the past decade. So, in fact, have Mr. Trump’s own relatives — a point that Mr. Trump does not mention in his now almost-daily accusations against the former vice president, a leading Democratic p**********l candidate, and his son.
Mr. Trump’s efforts this past summer to pressure Volodymyr Zelensky, the new Ukrainian president, to investigate Mr. Biden and his son — at the same time that Mr. Trump was withholding $391 million in American military aid to Ukraine — set off the fast-moving impeachment inquiry now underway in the House of Representatives.
The president’s attacks also come after a string of controversies involving members of Mr. Trump’s extended family and China, most of them unfolding after he was elected. A company run by his daughter Ivanka has been awarded dozens of potentially valuable trademarks by the Chinese government. A real estate company owned by the family of Jared Kushner, Mr. Trump’s son-in-law and senior adviser, tried to sell its troubled investment in a Manhattan skyscraper to a prominent Chinese firm. And Nicole Meyer, Mr. Kushner’s sister and an executive in the family firm, invoked her connections to the president when she pitched Chinese investors in Beijing to buy into a development in New Jersey.
The $1.5 billion figure to which Mr. Trump referred on Thursday appears to be the amount of money that a Shanghai-based private-equity company, BHR Equity Investment Fund Management Co., aimed to raise in 2014. The company, which says its biggest shareholder is the state-controlled Bank of China, pools money and invests in companies, many of which are also state owned.
H****r B***n has been a member of the board of BHR since it was formed in late 2013. In October 2017, after his father had left the vice presidency, he bought 10 percent of the firm, investing the equivalent of $420,000.
he has never been paid for his role on the board, and has not profited financially since he began as a part-owner.
“He has not been compensated for being on the board of directors, nor has he received any return on his investment to date,” Mr. Mesires said. Although BHR has been involved in a number of business deals, he said, “there have been no distributions to the shareholders since H****r has been an equity owner.”
The Wall Street Journal reported in 2014 that the firm was seeking to raise $1.5 billion.
That figure was then cited by Peter Schweizer, a conservative author, in a 2018 book detailing the China business ties of some prominent American political families. Mr. Schweizer was also the author of the 2015 book “Clinton Cash.”