Biden’s investment fund BHR co-purchased Henniges Automotive with Chinese military contractor AVIC, which has been identified as front for China's military and was sanctioned before the Obama administration approved Biden-connected sale.
Co-buyer AVIC identified as front for China's military, and sanctioned before Obama administration approved Biden-connected sale.
As he was sewing up the Democrat nomination this spring, Joe Biden surprised many in foreign policy circles by publishing an essay arguing it was time to "get tough with China" and to stop its "robbing the United States and American companies of their technology and intellectual property."
For Biden, a four-decade advocate of trade and friendly relations with Beijing, it was a stunning turnabout that signaled the Democrat was concerned President Trump was winning the election-year battle over U.S.-China policy as tensions in the South China Sea, a trade war, and growing espionage cases created a Cold War-like atmosphere with China.
But for U.S. security experts, it was remarkable for another reason: An investment fund named Bohai Harvest RST (BHR) partly owned and directed by Biden's son, Hunter, and Secretary of State John Kerry's stepson, Chris Heinz, had just a few years earlier played a vital role in facilitating the sale of the Michigan-based auto parts maker Henniges Automotive to one of China's main military aircraft makers, Aviation Industry Corporation of China or AVIC.