Hunter Biden’s Former Associate: President Biden Met With Head of CEFC | China In Focus

welcome to China in Focus I'm Tiffany Meyer our top story an info drop from a former Hunter Biden associate President Biden reportedly met with a Chinese energy typhoon in Washington back in 2017 his firm reportedly paid Hunter millions of dollars partnering with fizer and other big us Labs another Chinese biotech firm catching the eye of American lawmakers a look at why officials say it should be sanctioned inside a Chinese Communist Party event high level officials mingled with bodyguards for the Chinese leader in an unusual video and one of the world's largest index providers purging dozens of Chinese stocks from its portfolio meanwhile India's waiting is on the [Music] ride new Det details on President Biden's alleged involvement in his son's foreign business dealings Rob Walker is a former business partner of Hunter bidens he told Congress that Joe Biden met with the head of a Chinese energy firm in 2017 in Washington DC that's according to Fox News this chin energy firm has deep ties to the Chinese Communist party it sent millions of dollars to Hunter Biden its head Yan Ming formed a business venture with Hunter Biden and Tony balinsky who strongly suggested that the firm had involved hunter in order to gain access to his father Joe Biden then vice president as for the 2017 meeting Walker said it was a lunch at the Four Seasons Hotel in Washington DC Walker himself Hunter Biden and yaming the head of the Chinese energy firm attended he said the former Vice President also stopped by Walker noted the meeting was to discuss ways they could work together it was over an hour and a half though Joe Biden was there for maybe 10 minutes Walker said they exchanged normal pleasantries and that Biden probably did most of the talking and then left Biden left his post as the vice president at the time Walker said Joe Biden was never involved in any of the business activities he pursued with Hunter Biden the house oversight committee told Fox news that it can confirm Joe Biden met with almost every foreign National who fought on money to his son examples include Russian and Romanian oligarchs and yedam Ming chairman of the Chinese energy firm CFC what did the Chinese company's dealings with Hunter Biden look like here are the details according to a senate report Hunter Biden is the co-owner of a company named Hudson West 3 according to the report CFC China energy wired $5 million to Hudson West in 2017 not long after Hudson West sent multiple payments to Hunter Biden's Law Firm OAS Osco labeled as Consulting fees the payments total about $4.8 million around the same time Hudson West moved over $1 million to Hunter's Uncle James Biden's consulting firm the Senate report identifies the transaction as ponential Financial criminal activity and in September 2017 Chinese businessman dongwen opened a bank account together with Hunter Biden Hunter James and Sarah Biden were all authorized users of credit cards associated with the account they later used the cards to purchase over $100,000 worth of luxury items the Chinese businessman is also a co-owner of Hudson West as well as an associate of the chairman of Cesc China energy a previous media report shows that in 2017 Hunter Biden helped negotiate a deal for CFC to invest $40 million in a Louisiana based natural gas project the project reportedly fell through the following year bombshell accusations about President Biden's role in his family's business dealings a former associate of the Biden family testified before Congress Tuesday Tony balinsky said in his opening statement quote Joe Biden was the brand being sold by the Biden family he said the Biden family's influence pedaling operations sold out to foreign actors seeking to gain access to Biden and the US government he also accused Biden of being an enabler of his family's business balinsky is a former Navy officer he worked with Hunter Biden and the president's brother James Biden on a venture with CFC China energy balinsky called the company a surrogate of the Chinese Communist Party balinsky confirmed that Biden was aware of the transactions with CFC and enabled them the witness asked Congress to thoroughly investigate the Biden family's business dealings president pres Biden has previously denied involvement in his family's business dealings President Biden's Tik Tok debut is sparking bipartisan push back in Congress speaking on the sidelines of a hearing leaders of the house select committee on the CCP stressed Their Fear over the china-owned social media app committee chairman Mike Gallagher called the move disappointing saying that National Security concerns should outweigh the desire to Rally young voters ranking member Roger christna Morty echoed that concern saying the US should force the sale of Tik Tok to an American company and in the upper chamber Democratic senator Mark Warner said that the US needs to follow India's footsteps the country banned completely in 2020 meanwhile the White House said nothing has changed about its stance on Tik Tok and related National Security concerns officials added that a Tik Tock ban on government devices remains in place the Biden campaign's account now has more than 67,000 th000 followers us lawmakers are eyeing another Chinese biotech firm they sent a letter to the White House Monday urging the Biden Administration to take a closer look at wooi aptech and its Affiliates for possible sanctions the lawmaker cited public documents that point to what they called clear ties between the firm and China's Communist party and Military what's more lawmakers said the company also supported beijing's genocide policies in Shing Jang receiving investments from numerous Chinese military funds plus its CEO has links to a blacklisted Chinese military Medical Research Institute but what makes the Chinese company such a big concern lawmakers said it and its Affiliates are rapidly becoming part of us Supply chains by making deals with prominent American biotech companies that's including big names like fiser astrazenica and even US National Labs to top it off Congress has introduced a bill to protect Americans genetic information it would restrict federally funded medical providers from sharing it with Chinese biotech firms woi aptech did not respond immediately to a request for comment next take a look at this unusual video clip taken during a lunar year Gathering of Chinese Communist Party leaders in addition to the older attendees quite a few young men stood out in the videos they were dressed in exactly the same way and all black with short haircuts who are they let's dive in sitting at almost every table behind Chinese leader xinping the young men are reportedly the Bodyguards of the regime head they wear stoic facial expressions and appear focused what has he on high alert while attending an Insider event According To Wong Dan a lead figure in the 1989 PR democracy movement it all indicates the same fact this regime is not stable and the CCP is filled with tension internally American professor and China expert Jan leang stressed that the bodyguards were closely supervising the exchanges between the guests possibly to gauge any dissatisfaction towards she in the crowd moving on to Europe Beijing is lashing out over a new trade proposal from the European Union if passed it would mean more trade curbs on Chinese firms the Chinese regime is vowing to take what it called necessary measures in response to the plan which targets two dozen firms including three based in China and one in India the new proposal would ban European firms from Trading with those entities it's part of the Block's efforts to clamp down on Russia specifically its access to sanctioned goods for its War efforts in Ukraine tensions have been mounting between Europe and China in recent months with the EU kicking off a probe into a flood of Chinese electric cars and Beijing retaliating with an anti dumping investigation into EU liquor products plus the Netherlands striking a deal with the US to limit deliveries of sensitive chipm equipment to China back to the eu's new proposal if member states give the green light the limits on businesses in mainland China and India will be the eu's first since the Ukraine conflict last year a similar proposal targeting Chinese companies was sheld due to push back from some member states and assurances from Beijing not to back Russia's War a95 billion Bill getting the senates go ahead on Tuesday that money earmarked for Aid to Ukraine Israel and Taiwan here's what Senate Majority Leader Chuck Schumer said about the measure today we make Vladimir Putin regret the day he questioned America's resolve and we make clear to others like China's president she not to test our determination and we send a clear bipartisan message of resolve to our allies in NATO the bill was held up in Congress for two months before the vote with some Republicans first demanding changes to immigration policy the bill passed after winning support from over 20 GOP lawmakers house Speaker M Johnson still opposes the bill in a statement he said the Mandate was meant to secure America's own border before sending additional foreign aid around the world adding that without border policy change in the Senate the house will have to continue to work its own will next a round up of short economic updates from China first on the world's largest index providers is purging dozens of Chinese firms outing them from its Global benchmarks in a recent quarterly review New York Finance giant msci said it is removing 66 stocks from its China Index this comes as the Communist nation's Market has erased trillions of dollars in value am made an unprecedented real estate crisis and weak consumption companies to be removed include China's Southern Airlines as well as several property developers as China's economy tumbles investors are turning their heads to developing markets that as Nations like India present an alternative today msca raised India's index weightage to an all-time high totaling a staggering 18.2% analysts say it could bring billions of dollars in profits to India back in 2020 China's waiting in the index was five times that of indas but fast forward to today the Gap is narrowing as msci dropped a two-year record number of Chinese firms off of its list that's all for today's China INF focus on YouTube we're now sharing a shorten version of our program here after being demonetized for 3 years if you'd like to support us consider donating find us at donorbox.org ch- in-focus or subscribe to our partner platform at epic TV where you can watch our full episodes here's what to look out for in our second half another sign the Chinese economy is losing steam many across the country are reporting months of missing salaries they told ND that they are struggling just to get by Europe's renewable energy manufacturers facing bankruptcy risks due to Chinese Imports a look at the issues cropping up and an American Performing Arts group captivating audiences in Tucson Arizona what theatergoers had to say about their experiences learning about 5,000 years of traditional Chinese culture we on that after the break here on China in Focus thanks for watching China and focus I'm Tiffany Meyer see you [Music] tomorrow