https://www.wsj.com/articles/the-trumps-the-bidens-and-china-11570210513
“With apologies to Captain Obvious, the plain fact is that the Trumps had a big real estate business long before the 2016 election. Is there any Biden history in Ukrainian natural gas or Chinese finance prior to Joe Biden’s vice presidency?”
Even Hunter Biden doesn’t deserve the Chinese judicial system. But there is a silver lining to Donald Trump’s suggestion that foreign governments scrutinize unusual financial arrangements involving relatives of people at the center of American political power. There is value in a U.S. President telling the world that the Clinton Foundation will not be the model for how this country conducts its foreign affairs.
“China should start an investigation into the Bidens, because what happened in China is just about as bad as what happened with Ukraine,” the President told reporters on Thursday at the White House.
Was it really that bad? The Journal’s James Areddy reports:
Hunter Biden, a 49-year-old lawyer and the second son of the former vice president, owns 10% of a private-equity firm called Bohai Harvest RST (Shanghai) Equity Investment Fund Management Co.
Over the past roughly six years, it has channeled $2.5 billion or more on behalf of its financial backers into automotive, energy, mining and technology deals, according to interviews with people familiar with the private-equity firm and a review by The Wall Street Journal of financial filings and other official business records.
Hunter Biden is one of nine directors of the firm, known as BHR Partners, which is controlled and funded primarily by large Chinese government-owned shareholders.
In 2014, the Journal’s Chao Deng reported from Shanghai that this esteemed group was raising a fund to invest outside China, “with the yuan-denominated portion of the fund to be converted to U.S. dollars through Shanghai’s free-trade zone.” Mr. Deng noted: