New book reveals details about Biden family’s business ties to China

Hunter Biden has faced intense scrutiny in recent years for a series of dubious foreign business deals — and particularly how they might relate to his father, President Joe Biden.

A new report alleges that the younger Biden received as much as $6 million in 2017 from a Chinese-owned energy company with strong ties to the communist nation’s intelligence and military apparatus.

“Close working relationship”

As Breitbart explained, the evidence seems to suggest that the Biden family has enriched itself with secretive deals with China that could threaten America’s national security.

According to a new book by journalist Peter Schweizer, there is much more to the situation surrounding this lucrative deal.

In Red-Handed: How American Elites Get Rich Helping China Win, he wrote of Hunter Biden’s “close working relationship” with Ye Jianming, the chairman of the now-defunct global energy firm CEFC China Energy.

Emails and text messages seem to suggest that Biden and the Chinese executive first connected in 2015 — and by 2017 they were in regular contact with each other and working together on various deals. Ye reportedly hired Biden to be his personal counsel in the U.S. as part of an effort to deal with the legal aspects of those deals within America.

One overarching problem with the arrangement, however, is that Ye and CEFC have multiple lose ties to the Chinese military, which means their actions might have been influenced by China’s communist regime.

“A story about spying, espionage, and national security”

The $6 million payday comes into play in connection to CEFC’s plans to invest in U.S. infrastructure projects and the controversial transfers of funds came to fruition through the formation of two business entities: Hudson West and SinoHawk.

Both of those organizations included partners with close ties to the Chinese communist party.

Through a series of wire transfers and other arrangements, nearly $6 million was sent by China to Biden. Some of the funds were in the form of regular payments while other income was apparently used as a line of credit for shopping sprees by Hunter Biden and others in his family — including the president’s brother James Biden.

During a Fox News appearance on Tuesday, Schweizer revealed that the money from Ye and CEFC was only a piece of the estimated $31 million sent to the Biden family from at least five different Chinese entities or individuals.

“Those individuals all have ties to the highest levels of Chinese intelligence,” he said. “So what has been a story about corruption and cronyism increasingly is a story about spying, espionage, and national security.”

Latest News