Thứ bảy, 10 19th

Last updatethứ 7, 19 10 2019 8pm

Hunter Biden Listed As Director At China State-Backed Company, SCMP Says

Hunter Biden’s name appears on a list of directors of a state-backed equity fund in China, the South China Morning Post reported today (see link here).

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President Donald Trump on Thursday called on China to investigate the activities of former U.S. Vice President Joe Biden and his family in the country. Hunter is the son of the elder Biden, a top candidate for the Democratic Party and possible Trump opponent in the 2020 U.S. presidential election.

“China should start an investigation into the Bidens,” Trump said speaking to reporters at the White House.

Hunter Biden is listed as a director of BHR Equity Investment Fund Management, whose indirect shareholders include the government-controlled Bank of China, the South China Morning Post reported. He paid about $420,000 for a 10% stake in October 2017, the New York Times has reported, according to the SCMP report.

Once cordial relations between Washington and Beijing have become strained as an increase in China’s wealth and power relative to the U.S. has fueled trade, technology, geopolitical and military rivalries between the world’s two largest economies.

More than half of Americans now see friction in the current U.S.-China economic relationship, according to a report in August by the Pew Research Center.  Some 60% of Americans have an unfavorable view of China compared with only 26% that have a favorable view, Pew found.

With the political pendulum in U.S.-China relations swinging in a cooler direction, the controversy over the Bidens may lead to more scrutiny of ties between U.S. political elite and their family members with China businesses, especially those with government ties.

Source:https://www.forbes.com/sites/russellflannery/2019/10/05/hunter-biden-listed-as-director-at-china-state-backed-company-scmp-says/#5e6c78d812ed

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