Former US House Speaker Newt Gingrich revealed how the Bidens’ collaboration with the Chinese Communist Party (CCP) was to enrich them.
“When then-Vice President Joe Biden took a 2013 official trip to China, he brought along his son Hunter Biden. Shortly thereafter, Hunter Biden’s small investment firm received funding from the Chinese for a $1.5 billion private equity fund,” Gingrich describes on his Sept. 27 program.
The transaction was between the CCP-owned Bank of China and Hunter’s small business, Bohai Harvest RST (BHR).
It should be clarified that Hunter did not have any knowledge of managing private capital or other types of relationships with companies dependent on the CCP, but he traveled to that country five times between 2009 and 2014.
His main attribute was to be the son of the U.S. vice president, precisely the high-ranking official to whom then-President Barack Obama had entrusted the country’s business with the CCP.
“This relationship led to shady business deals that enriched the Bidens, in some cases at America’s expense,” Gingrich noted.
More seriously, Hunter Biden’s activities not only involved getting rich through his father’s high office, but could have posed national security risks.
In another of his many ventures, Hunter Biden partnered with a CCP military contractor to acquire a U.S. company producing equipment with military applications.
Biden’s company, BHR, also invested in strategic mineral resources in Africa, engaging in activities that led to egregious human rights abuses.
Hunter Biden also took advantage of opportunities provided by his father’s vice presidency to engage in controversial, research-based business ventures with companies and individuals in Ukraine and Russia, earning millions of dollars.
For Gingrich, all of these activities could not have been overlooked by Joe Biden, or even Barack Obama.
“Did he never ask his son about his work and travels when they talked? Did he not notice any change in his child’s lifestyle?” Gingrich questions, in his article published by Fox News.
When you put together this apparent ignorance of Joe Biden about his son Hunter’s irregular business, with his passive and even complacent attitude towar the CCP, the concerns grow even more.
“China is going to eat our lunch? Come on, man,” Biden said during an Iowa campaign stop in 2019. “I mean, you know, they’re not bad folks, folks. But guess what? They’re not competition for us.”
Biden added, “The fact of the matter is we can do all we need to do without punishing anybody,” as quoted by Townhall columnist Katie Pavlich.
And if you add to that the reports from the U.S. security services that Joe Biden is the CCP’s favorite to win the election, the picture becomes even more troubling.