Hunter Biden Stands Down from China Board as Trump's 'Swamp' Attacks Draw Attention
Former Vice president's son walks away from Chinese-backed private equity company
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Former Vice President Joe Biden's son, Hunter Biden, is walking away from the board of a Chinese-backed private equity company in an effort to disavow all foreign work if his father is elected in 2020.
Biden's son made the drastic move a month after President Donald Trump publicly highlighted conflicts of interest in Biden’s work in Asia.
Biden's legal counsel George Mesires released a statement saying he is ending his relationship with the management company of a private equity fund that’s backed by Chinese state-owned entities.
But Hunter Biden does not state whether he will be divesting from BHR (Shanghai) Equity Investment Fund Management Company.
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In 2013, the company was set up to invest Chinese capital outside of China.
The 49-year-old pledged he wouldn’t work for any foreign-owned companies, serve on their boards, during a potential Biden administration.
The statement said:
“Hunter always understood that his father would be guided, entirely and unequivocally, by established U.S. policy, regardless of its effects on Hunter’s professional interests."
“He never anticipated the barrage of false charges against both him and his father by the President of the United States.”
Trump highlighted the problem off Hunter Biden seeking work overseas during a political rally in Louisiana.
“He doesn’t know what a gasoline tank looks like,” Trump said,
Trump explained how Biden’s son knew nothing about energy, but somehow earned $83,000 a month for sitting on the board.
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Trump noted Hunters' sudden rise to an influential position.
“Joe’s son Hunter got thrown out of the Navy and became a genius on Wall Street in about two days,” he said.
“By the way, whatever happened to Hunter? Where the hell is he? Where is Hunter? Hey, fellas, I have an idea for a new t-shirt. I love the cops, but let’s do another t-shirt — ‘Where’s Hunter? Where is he?'”
“Hunter, you know nothing about energy, you know nothing about anything, frankly. Hunter, you are a loser. Why did you get $1.5 billion, Hunter?” Trump added.
Last week, China announced it wouldn't investigate Joe Biden and his son, Hunter Biden, over accusations of corruption.
Trump suggested China should look into the 2020 hopeful and his son's suspicious dealings in the country.
Foreign ministry spokesperson Geng Shuang said in a statement:
“China has long pursued the principle of non-interference in the internal affairs of other countries,” he said, The South China Morning Post reported.
