Posted on 11/20/2021 8:39:26 AM PST by Theoria
The president’s son was part owner of a venture involved in the $3.8 billion purchase by a Chinese conglomerate of one of the world’s largest cobalt deposits. The metal is a key ingredient in batteries for electric vehicles.
An investment firm where Hunter Biden, the president’s son, was a founding board member helped facilitate a Chinese company’s purchase from an American company of one of the world’s richest cobalt mines, located in the Democratic Republic of Congo.
Mr. Biden and two other Americans joined Chinese partners in establishing the firm in 2013, known as BHR and formally named Bohai Harvest RST (Shanghai) Equity Investment Fund Management Company.
The three Americans, all of whom served on the board, controlled 30 percent of BHR, a private equity firm registered in Shanghai that makes investments and then flips them for a profit. The rest of the company is owned or controlled by Chinese investors that include the Bank of China, according to records filed with Chinese regulators.
One of BHR’s early deals was to help finance an Australian coal-mining company controlled by a Chinese state-owned firm. It also assisted a subsidiary of a Chinese defense conglomerate in buying a Michigan auto parts maker.
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The firm made one of its most successful investments in 2016, when it bought and later sold a stake in CATL, a fast-growing Chinese company that is now the world’s biggest maker of batteries for electric vehicles.
(Excerpt) Read more at nytimes.com ...
Biden Center Under Investigation for Illegal Donations From China
DB Daily Update | David Blackmon / FR Posted on 5/25/2020, 9:19:56 AM by EyesOfTX
If the label says “Biden,” it was definitely influenced by China. – John Solomon at JustTheNews.com is reporting that The National Legal and Policy Center has asked the U.S. Department of Education to investigate its findings that the University of Pennsylvania (Penn) has over the past several years accepted more than $22 million in anonymous China-originated donations to its Biden Center and failed to properly disclose the contributions.
From Solomon’s report: The complaint, filed by the National Legal and Policy Center, says that over the past three years, the university has (admitted to accepting around) $22 million in anonymous funding from Chinese sources. That’s out of a total of more than $70 million from Chinese donors during that time, the NLPC said.
Those significant funds, including the anonymous amounts, rolled in after the Biden Center was announced in early 2017 and launched in February 2018. The center is located in downtown Washington, D.C. Federal records show that the University of Pennsylvania has received significant donations from Communist China since the opening of the Biden Center.
One 2018 donation alone totals $14.5 million; it is listed as “anonymous” in federal records. The NLPC alleges the university may have violated federal law in accepting those anonymous monetary donations from Communist China. The Higher Education Act mandates schools report the national origins of any donations above $250,000 although not necessarily the individual names of donors themselves. [End]
This serves as just one more reminder that Biden, his son (and his brother) have long been in the pockets of Communist Chinese interests. The stark reality facing our country today is thatall of the gains President Donald Trump has made through the sheer force of his will in terms of U.S./China relations and trade policy will be immediately reversed the day after Biden assumes office.
..........virtually all U.S. antibiotics and PPE are sourced through Communist China at some point along their supply chains ..........s fair share.
KEEP IN MIND.....virtually all U.S. antibiotics and PPE are sourced through China at some point along their supply chains....... There are trillions of dollars at stake, and Creepy Uncle Joe wants to ensure his family continues to get its fair share out of Communist China.
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It has recently come to light that US politicians are sending Communist China vast amts of tax dollars to supposedly buy (cough) “Covid masks.”Cali Gov Newsome was nabbed sending China a billion tax dollars. Why? Because the Chinese are using the Covid orders to launder the tax dollars for the salivating pols.
The NYT will say anything that supports its agenda; the agenda isn’t always clear. They will stoop to stating facts when the agenda is served, but don’t believe they have suddenly succumbed to the urge to tell the truth.
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