Sunday, November 15, 2020

Biden's son violates presidential executive order and trades with China General Nuclear Power Group

Reporter : Yihu / Editor : Song Yue / https://www.soundofhope.org/post/442819 / Direct translation

Image : Hunter Biden (right), Joe Biden (middle), Obama (left) (AP)



 US President Trump signed an executive order yesterday to prohibit US institutions and individuals from investing in 31 companies that are related to the Chinese military. US media reports pointed out that China General Nuclear Power Group (CGN) is accused of inextricably linked interests with Biden’s son Hunter.

Public information shows that Bohai Huamei is a joint venture between a "Rosmont Seneca partner" and a Chinese state-owned bank, and the "Rosemont Seneca partner" is Biden's son Hunter and former Secretary of State John Kerry. Kerry's stepson founded an investment fund in 2009. Bohai Huamei is a fundamental investor in the initial public offering of China General Nuclear Power Group, which was publicly listed in 2014 with a total listed value of more than US$3 billion. At present, CGN is still the main customer of Bohai Huamei.

According to the 41-minute documentary "Riding the Dragon: Biden’s Chinese Secret" (Riding the Dragon: Uncovering the Chinese Secrets of Biden’s Family), Biden’s son Hunter Biden direct holding of equity in Bohai Huamei involved multiple transactions with CGN. The film also said that Hunter received a loan of US$1 billion shortly after meeting with CCP officials.

President Trump pointed out in an executive order this week that the CCP has replaced private enterprises to support its military and intelligence activities, and is increasingly using U.S. capital to develop and modernize its military, intelligence, and other security institutions to threaten the United States. CGN is precisely one of such companies.

Prior to this, CGN was accused of developing a company-wide plan to steal US nuclear secrets, which was determined by the US Department of Justice (DOJ) to cause significant damage to US national security.

The U.S. Department of Justice also accused CGN of hiring former Hong Kong senior official He Zhiping to assist in the acquisition of US nuclear engineers to assist in the design and manufacture of key components of nuclear reactors, while China General Nuclear Power’s engineer Hao Sixiong was charged in the United States with conspiracy to assist in illegally obtaining sensitive nuclear technology and was sentenced to  2 years of imprisonment.

The US Department of Defense believes that CGN has been a partner of the Chinese military for several years, and the US Department of Commerce also included CGN on the list of embargoed entities on August 14 this year.


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