The following article, Hunter Biden Biz Worked $3.8 Billion Sale of American Mining Company to China, was first published on Flag And Cross.
Let’s just get this out there, plainly: China is fast becoming the bully of the world’s stage.
The enormously populous nation has just begun to unleash the consumer goliath that lies within their mammoth citizenry, and now that companies like Marriott, Disney, and the NBA are all counting on Chinese business, Beijing has taken notice. Now, in order to compete in the international economy, you have to kowtow to China.
Of course, the US could stand up to Beijing, and hit them hard with sanctions over their human rights abuses, but it would take some serious adjustment in the machinations of our leadership.
Oh, and let’s not forget about the Biden family’s vested interests in the Far East.
An investment firm that counts Hunter Biden among its founders helped a Chinese company purchase one of the world’s most lucrative cobalt mines from an American company, according to a report by The New York Times.
Biden established the firm Bohai Harvest RST (BHR) Equity Investment Fund Management Company with two other Americans and some Chinese partners in 2013. The American members controlled 30 percent of the Shanghai-based operation and served on the board.
The company notably completed a deal in 2016 that saw a Congo cobalt and copper mine transfer from American company Freeport-McMoRan to Chinese outfit China Molybdenum for the sum of $2.65 billion.
Now there are conflicting stories as to the Biden family’s involvement:
The Times reported that Biden controlled 10 percent of BHR through Skaneateles LLC, a company based in Washington.
Chris Clark, a lawyer for Biden, said he “no longer holds any interest, directly or indirectly, in either BHR or Skaneateles,” and Chinese records indicated Biden was not a member on the board as of April 2020.
Given what we know about the Biden family connections to Beijing, it could prove difficult to view any American-Chinese diplomacy through an unaffected lens.
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