The Biden and Kerry Families’ Profitable Deals With Communist Chinese Firms, and the Selling Out of America’s National Security[2]

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Joe Biden

The Biden and Kerry Families’ Profitable Deals With Communist Chinese Firms, and the Selling Out of America’s National Security^[2]

 

In the summer of 2009, Vice President Biden’s son, Hunter Biden, collaborated with two individuals – Chris Heinz (the stepson of Senator John Kerry) and Devon Archer (Chris Heinz’s former college roommate who had served as a major fundraiser for Senator Kerry’s 2004 presidential campaign) – to form Rosemont Capital, an investment firm that was, according to author Peter Schweizer, “positioned to strike profitable deals overseas with foreign governments and officials with whom the U.S. government was negotiating.” Rosemont Capital also had several separate branches, including Rosemont Seneca Partners and Rosemont Realty.

Schweizer asserts that the financial relationship that Hunter Biden, Chris Heinz, and Devon Archer established with China, strongly influenced the Obama administration’s posture toward that country. Consider, for instance, what occurred in 2013 and 2014, while China – to the deep consternation of other countries in the region – was unilaterally creating artificial islands equipped with sophisticated military bases in the South China Sea and claiming ownership of them. In December 2013, Joe Biden, accompanied by Hunter, visited China, where he publicly emphasized the importance of an American-Chinese trading relationship but avoided talking about what China was doing in the South China Sea. During the Bidens’ stay in China, reports journalist Tyler O’Neil: “Hunter Biden was negotiating a major deal between Rosemont Seneca [Partners] and the state-owned Bank of China. As the vice president discussed China’s trade with the United States, his son was putting these economic ties into practice, and the U.S. effectively caved in the conflict over the South China Sea.”

Ten days after the Bidens’ visit to China, the state-run Bank of China created an investment fund with Rosemont Seneca Partners, called Bohai Harvest RST (BHR). In 2014, writes Schweizer, BHR became an “anchor investor” in the China General Nuclear Power Corporation (CGNPC), a state-owned nuclear company which was under FBI investigation at the time, and which eventually charged with stealing U.S. nuclear secrets. “In short,” says Schweizer, “the Chinese government was literally funding a business [BHR] that it co-owned along with the sons of two of America’s most powerful decision makers.” As a result of that business relationship, Rosemont Seneca Partners, unlike any other Western investment firm, “could take Chinese government funds and invest them in China or outside the country, even in the U.S.”

When Senator Kerry visited China in July 2014, he, much like Vice President Biden, echoed President Xi Jinping’s call for a bilateral commitment to “boost Sino-U.S. economic ties.” “China and the United States represent the greatest economic alliance trading partnership in the history of humankind,” said Kerry.

Meanwhile, a former subsidiary of the Chinese government, Gemini Investments, was trying to purchase the Rosemont Realty branch of Rosemont Capital. (Gemini’s parent company, Sino-Ocean Land, grew out of the the China Ocean Shipping Company, which in turn has close ties to the People’s Liberation Army Navy. And the director of Gemini Investments, Li Ming, served for several terms as a member of the Chinese Communist Party’s elite conference.)

By December 2014, Gemini had bought out the Rosemont Opportunities Fund II for $34 million.

When Kerry visited China again in May 2015, he emphasized, as Schweizer puts it, that “the two powers shouldn’t let the South China Sea issue get in the way of broader cooperation.” Three months later, in August 2015, Gemini Investments bought a 75% stake in Rosemont Realty, including a $3 billion commitment from China.

In September 2015, BHR teamed up with the Aviation Industry Corporation of China (AVIC) – a Chinese state-owned military aviation contractor which in 2014 had stolen technologies related to the U.S. F-35 stealth fighter – to purchase Henniges, an American “dual-use” (meaning civilian and military uses) parts manufacturer. The transaction gave 49% ownership of Henniges to BHR, and 51% ownership to AVIC.

Because the Henniges technology was considered a strategic asset with implications for American national security, it was on the restricted Commerce Control List, and thus the sale to BHR and AVIC could not be permitted without the approval of the Committee on Foreign Investment in the United States (CFIUS), a panel composed of several of the most powerful members of the cabinet — the Attorney General as well as the Secretaries of Defense, Commerce, Treasury, Homeland Security, Energy, and State. (The State Department, of course, was headed by Kerry.)

Schweizer adds that even after it was well known that “Chinese companies have a long history of stealing American nuclear secrets,” “Rosemont did not change its relationship with its Chinese partners, nor did BHR divest from the state-owned Chinese company [CGNPC] that had been stealing America’s nuclear secrets.”

Moreover, in 2016 BHR invested in China Molybdenum, a state-owned company with deep ties to the Chinese government and the Chinese Communist Party, and whose goal is to acquire large quantities of molybdenum and other rare-earth minerals that have both military and nuclear applications. Then, in the latter part of 2016, China Molybdenum helped BHR purchase a 24% stake in the Tenke Fungurume copper mine in the Democratic Republic of Congo. As Schweizer sums it up: “[T]he son of the vice president and a confidant of the secretary of state where invested in deals that would help Beijing win [the global minerals] race.”

 

 

Biden’s Ukraine Scandal, And Allegations Against President Trump

In the summer of 2009, Vice President Biden’s son, Hunter Biden, collaborated with two individuals – Chris Heinz (the stepson of Senator John Kerry) and Devon Archer (Chris Heinz’s former college roommate who had served as a major fundraiser for Senator Kerry’s 2004 presidential campaign) – to form Rosemont Capital, an investment firm that was, according to author Peter Schweizer, “positioned to strike profitable deals overseas with foreign governments and officials with whom the U.S. government was negotiating.” Rosemont Capital also had several separate branches, including Rosemont Seneca Partners and Rosemont Realty.

Schweizer asserts that the financial relationship that Hunter Biden, Chris Heinz, and Devon Archer established with China, strongly influenced the Obama administration’s posture toward that country. Consider, for instance, what occurred in 2013 and 2014, while China – to the deep consternation of other countries in the region – was unilaterally creating artificial islands equipped with sophisticated military bases in the South China Sea and claiming ownership of them. In December 2013, Joe Biden, accompanied by Hunter, visited China, where he publicly emphasized the importance of an American-Chinese trading relationship but avoided talking about what China was doing in the South China Sea. During the Bidens’ stay in China, reports journalist Tyler O’Neil: “Hunter Biden was negotiating a major deal between Rosemont Seneca [Partners] and the state-owned Bank of China. As the vice president discussed China’s trade with the United States, his son was putting these economic ties into practice, and the U.S. effectively caved in the conflict over the South China Sea.”

Ten days after the Bidens’ visit to China, the state-run Bank of China created an investment fund with Rosemont Seneca Partners, called Bohai Harvest RST (BHR). In 2014, writes Schweizer, BHR became an “anchor investor” in the China General Nuclear Power Corporation (CGNPC), a state-owned nuclear company which was under FBI investigation at the time, and which eventually charged with stealing U.S. nuclear secrets. “In short,” says Schweizer, “the Chinese government was literally funding a business [BHR] that it co-owned along with the sons of two of America’s most powerful decision makers.” As a result of that business relationship, Rosemont Seneca Partners, unlike any other Western investment firm, “could take Chinese government funds and invest them in China or outside the country, even in the U.S.”

When Senator Kerry visited China in July 2014, he, much like Vice President Biden, echoed President Xi Jinping’s call for a bilateral commitment to “boost Sino-U.S. economic ties.” “China and the United States represent the greatest economic alliance trading partnership in the history of humankind,” said Kerry.

Meanwhile, a former subsidiary of the Chinese government, Gemini Investments, was trying to purchase the Rosemont Realty branch of Rosemont Capital. (Gemini’s parent company, Sino-Ocean Land, grew out of the the China Ocean Shipping Company, which in turn has close ties to the People’s Liberation Army Navy. And the director of Gemini Investments, Li Ming, served for several terms as a member of the Chinese Communist Party’s elite conference.)

By December 2014, Gemini had bought out the Rosemont Opportunities Fund II for $34 million.

When Kerry visited China again in May 2015, he emphasized, as Schweizer puts it, that “the two powers shouldn’t let the South China Sea issue get in the way of broader cooperation.” Three months later, in August 2015, Gemini Investments bought a 75% stake in Rosemont Realty, including a $3 billion commitment from China.

In September 2015, BHR teamed up with the Aviation Industry Corporation of China (AVIC) – a Chinese state-owned military aviation contractor which in 2014 had stolen technologies related to the U.S. F-35 stealth fighter – to purchase Henniges, an American “dual-use” (meaning civilian and military uses) parts manufacturer. The transaction gave 49% ownership of Henniges to BHR, and 51% ownership to AVIC.

Because the Henniges technology was considered a strategic asset with implications for American national security, it was on the restricted Commerce Control List, and thus the sale to BHR and AVIC could not be permitted without the approval of the Committee on Foreign Investment in the United States (CFIUS), a panel composed of several of the most powerful members of the cabinet — the Attorney General as well as the Secretaries of Defense, Commerce, Treasury, Homeland Security, Energy, and State. (The State Department, of course, was headed by Kerry.)

Schweizer adds that even after it was well known that “Chinese companies have a long history of stealing American nuclear secrets,” “Rosemont did not change its relationship with its Chinese partners, nor did BHR divest from the state-owned Chinese company [CGNPC] that had been stealing America’s nuclear secrets.”

Moreover, in 2016 BHR invested in China Molybdenum, a state-owned company with deep ties to the Chinese government and the Chinese Communist Party, and whose goal is to acquire large quantities of molybdenum and other rare-earth minerals that have both military and nuclear applications. Then, in the latter part of 2016, China Molybdenum helped BHR purchase a 24% stake in the Tenke Fungurume copper mine in the Democratic Republic of Congo. As Schweizer sums it up: “[T]he son of the vice president and a confidant of the secretary of state where invested in deals that would help Beijing win [the global minerals] race.”