Customs and Border Protection Seizes Imports From Chinese Company Backed By Kerry Investments

[Valin]

Washington Free Beacon

CBP cites law that prohibits foreign imports produced through labor abuses

Alana Goodman

November 8, 2021

U.S. Customs and Border Protection last week seized imports from a Chinese company backed by an investment group in which climate czar John Kerry holds a $1 million stake.

Kerry and his wife are invested in Hillhouse China Value Fund L.P., part of the Hillhouse investment group that is a top shareholder in a Chinese solar panel company that works with companies known to be using forced labor. It was on that account that CBP seized the imports from LONGi Green Energy, citing a law that prohibits foreign imports produced through labor abuses.

The news could raise additional concerns about the Kerry family’s investment in Hillhouse China Value Fund L.P., which the climate envoy disclosed at the beginning of the year. Although Kerry divested from many of his energy-related holdings in March, the list of divestments did not include Hillhouse, according to a disclosure Kerry filed in March with the Office of Government Ethics. The investment has drawn scrutiny from Republican lawmakers and China experts, who accuse Kerry of downplaying and enabling China’s human rights abuses while trying to win concessions from Beijing on climate change.

The Hillhouse investment group, which is run by Zhang Lei, an adviser to the Chinese government, owns a 6 percent stake in LONGi. Hillhouse is also a top shareholder of YITU Technology, a company that was blacklisted by the U.S. Department of Commerce for allegedly aiding the Chinese government’s surveillance of Uyghurs.

Kerry's Hillhouse stake is through a trust in which his wife is the beneficiary. He stated in his disclosure that they are not involved in managing the investments.

(Snip)