NEW YORK CITY, NY — The president of a government accountability think-tank warned during an interview that Joe Biden’s ties to China will have serious national security implications for the U.S. if he is elected in November.
During an interview on Fox News Channel’s “Watters’ World,” Breitbart News senior contributor and Government Accountability Institute President Peter Schweizer discussed his forthcoming documentary, “Riding the Dragon: The Bidens’ Chinese Secrets.”
Schweizer told Watters that the Bidens made a lot of money due to their relationship with Chinese government officials and confirmed that the claims in his documentary can be substantiated by corporate records, financial documents, legal briefings and court papers.
Schweizer told Watters:
“Well, the main headlines, Jesse are these: that the Bidens made a lot of money, courtesy of the Chinese government. We’re not talking about Chinese businesses — the Chinese government. This happened while Joe Biden was the point person on Obama administration policy towards China.
“But this is not just rank and file corruption that we’ve gotten used to. This is not the Chinese takeout version of typical corruption because, in addition to the Biden’s making money, Jesse, what happened is, Hunter Biden entered into a business partnership.
“He was on the Board of Directors of a Chinese investment firm called BHR that was funded by the Chinese government, and what did they do? They started acquiring companies that were beneficial to the Chinese military.
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“They were an anchor investor in something called China General Nuclear, which ended up being charged by our FBI for stealing nuclear secrets in the United States. They ended up buying part of an American dual-use technology company, meaning it produces technology that has civilian and military application. They ended up buying that for the benefit of the Chinese military.
“So, this is not a corruption case of let’s say victimless crime where it’s just some politician’s kid getting rich. This has very real national security implications, and the Bidens were prepared and willing to make money, even if it damaged our military posture vis-a-vis the Chinese who are our chief rivals on the global stage.”
Watters then suggested this scenario seemed worse than the Bidens’ connections in Ukraine due to U.S. military secrets getting into the hands of Chinese military:
“Military secrets being transferred and stolen.”
“Yes, it is much worse than Ukraine.”
BHR manages the equivalent of $2.1 billion in assets, according to its website. The firm is funded and controlled primarily by Chinese government-owned shareholders, according to The Wall Street Journal.
In April of this year, Daily Caller reported that Chinese business records still identified Hunter Biden as a director of BHR, six months after he pledged to resign from the firm.
The CEO of BHR, Jonathan Li, sent a letter dated April 17, 2020 to Hunter Biden’s lawyer saying that the son of former Vice President Joe Biden was no longer serving as an unpaid director of the firm “effective from October 2019.”
The lawyer, George Mesires, confirmed that he had received the single-sentence letter from BHR, but he refused to provide a copy of Hunter Biden’s actual letter of resignation from the firm’s board, according to Daily Caller.
Oh wow. Hunter Biden got the Chinese company to say he’s no longer on the board that seems credible so they just lied on their business filings in March? pic.twitter.com/1TwlzklC09— Rosie memos (@almostjingo) April 17, 2020
Li’s letter did not address Hunter Biden’s ownership stake in BHR, but business records accessed on April 17, 2020 showed that Hunter Biden retained a financial stake in the firm through his company, Skaneateles LLC, according to Daily Caller.
Li’s letter also did not provide the exact date in October that Hunter Biden reportedly ceased serving as an unpaid director of BHR, nor did it explain why Chinese business records continued to list Hunter Biden as a director of the firm for several months after he allegedly resigned.
The Bidens’ connection to China goes back a few years. ABC News reported last year:
“Ukraine wasn’t the only country where Hunter Biden’s business and his father’s diplomacy as vice president intersected.”
China literally rolled out the red carpet for Joe and Hunter Biden after they landed in Beijing on Air Force 2 in 2013.
Less than two weeks later, Hunter Biden’s firm inked a $1 billion private equity deal with a subsidiary of the Chinese government’s Bank of China, and the deal was later expanded to $1.5 billion, according to Schweizer’s opinion piece in the New York Post.
Basically, the Chinese government funded a business that it co-owned along with the son of a sitting vice president.
The ABC report raised the questions of whether Hunter was profiting from his father’s influence as vice president over the years and if Joe knowingly allowed it.
Biden has been considered soft with China, but now as the Democratic presidential nominee, NBC News reported he referred to Chinese President Xi Jinping as a “thug.”
According to NBC, Biden and his campaign have spoken in general terms without offering details about exactly how far he would be willing to go to confront China on trade, human rights, cyber-espionage or its growing presence in the South China Sea. Biden said he would hold China accountable over its treatment of Uighurs in Xinjiang and its crackdown in Hong Kong.
Biden also said that he would shore up U.S. alliances, which he says Trump has badly damaged, to present a united front against Beijing and that he would invest in high-tech research and education to make the U.S. economy more competitive.
President Trump has criticized Joe before and during the coronavirus crisis about his seemingly cozy relationship with China. In a video, Trump suggests that Joe Biden has stood up for China, dismissed them as an economic threat and opposed the president’s travel restrictions to and from China.
Ken Farnaso, the Trump campaign’s deputy national press secretary told NBC:
“President Trump is the first president with a backbone to stand up to China and hold them accountable for their nefarious actions while Joe Biden has spent his entire career appeasing Beijing and expanding American reliance on the communist nation.
“In sharp contrast, President Trump has confronted China’s aggression on the world stage, cut off travel from the nation early in the pandemic, delivered on the Phase One China trade deal, and has tightened the leash on Beijing’s unfair corporate espionage.”
FBI Director Christopher Wray last month called Chinese spying and hacking “the greatest long-term threat to our nation’s information and intellectual property, and to our economic vitality.”
“It’s a threat to our economic security — and by extension, to our national security.”
According to NBC, in August a top U.S. counterintelligence official said:
“China prefers that President Trump — whom Beijing sees as unpredictable — does not win reelection.”
Also in August, House Speaker Rep. Nancy Pelosi (D) confirmed that “China would prefer Joe Biden” during an interview with CNN.
Delaware Sen. Chris Coons (D) told Chris Wallace on “Fox News Sunday” in August that just because Democratic presidential nominee Joe Biden did not discuss the rising threat of China during his speech at the Democratic convention, it does not mean he cannot address concerns about the nation.
Coons told Wallace:
“What Joe Biden says on the campaign trail is he believes in us. He believes that the American people, the American worker, can out-compete China, but he is very clear-eyed about the threat and the challenge that China presents to the United States.”
Coons further added that Biden has “detailed plans for how to strengthen our global network of alliances to effectively stand up to China,” although he did not elaborate on specifics.
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