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  Posted 02 October 2019 - 10:50 AM

NBCís Today: My, But Hunter Bidenís Business In China Is Interesting

Ed Morrissey
Posted at 10:01 am on October 2, 2019


This seems off-putting at first, but stick with this to the end. Although the tone in this short clip from NBCís Today sounds more like a scolding fact-check, it also acknowledges that Hunter Bidenís decision to piggyback on his dadís state visit to China to work on his own business deal seems a little odd in retrospect. Reporter Josh Lederman cuts back across the grain to note that Hunterís presence on the VPís Air Force Two flight didnít seem unusual, but that reporters didnít know he was negotiating with bankers in China for his own profit either:

While Donald Trumpís specific claims about the amounts and dates appear to be false, thereís no avoiding the conclusion that Hunter Biden used Joe Bidenís official trip to China for his personal enrichment. Worse yet, as Lederman reports separately today, it also leaves the distinct impression that Joe Biden was a participant in his sonís efforts to cash in on his fatherís office, even if no smoking gun has yet emerged:

What wasnít known then was that as he accompanied his father to China, Hunter Biden was forming a Chinese private equity fund that associates said at the time was planning to raise big money, including from China. Hunter Biden has acknowledged meeting with Jonathan Li, a Chinese banker and his partner in the fund during the trip, although his spokesman says it was a social visit.

The Chinese business license that brought the new fund into existence was issued by Shanghai authorities 10 days after the trip, with Hunter Biden a member of the board. Ö

In August, Senate Finance Committee Chairman Chuck Grassley, R-Iowa, raised concerns about Hunter Bidenís meeting with Li in a letter to Treasury Secretary Steven Mnuchin that warned of Hunter Bidenís ďhistory of investing in and collaborating with Chinese companies.Ē Grassleyís letter also cited media reports saying Hunter Biden had arranged for Li, his business partner, to shake hands with the vice president while in Beijing.

Also involved in the fund is Devon Archer, a past adviser to former Secretary of State John Kerry, who also partnered with Hunter Biden on his work in Ukraine and a U.S. investment firm.

Ledermanís account also rejects Trumpís specific allegations about Hunter Biden, but takes a more cautious approach to the Biden story otherwise. Had the younger Biden gone on his own to China and conducted his business separately, it might not have raised any questions. Using Air Force Two to accompany his father at the same time Hunter was pitching Chinese investors ó who in China have to have connections to the regime to survive ó looks bad. And note Ledermanís mention of Ukraine and the Kerrys as well, an aspect of this case that the New York Timesí Ken Vogel first broached in May.


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