Connect with us

China

Husband of Biden’s Commerce Secretary is Top Executive at Firm Funded by Chinese Government

Published

on

Gina Raimondo
Gina Raimondo

Commerce Secretary Gina Raimondo has a conflict of interest. She must work with her agency to combat and counter China on the world stage, all while supporting her husband’s position as a top executive for an artificial intelligence company whose major venture capital firm investor Is backed by the Chinese government.

Danhua Capital is based in California and is financially backed by the Chinese Communist Party. They are also one of the main funders of PathAI, an artificial intelligence firm that employs Raimondo’s husband, Andy Moffit. Moffit acts as the chief people officer.

The Chinese firm lists PathAI as one of its featured “biotech and health” investments on its website, although it’s unclear how much specifically Danhua Capital has invested. According to a 2018 Reuters report on the firm, Danhua Capital was established and funded as part of the Chinese government’s “penetration of Silicon Valley.”

In 2018, the Center for a New American Security (CNAS) testified before Congress that Danhua Capital’s mission is to use capital to narrow the technology gap between China and the United States. The Washington Free Beacon reports that many staffers from CNAS, a liberal think tank, are now employed in the highest ranks of the Biden administration.

The Washington Free Beacon reports:

The Wall Street Journal reported on Friday that Raimondo’s agency was pushing back on efforts by others in the Biden administration to block Chinese technology firms from working with American companies. Commerce officials are arguing internally, according to the report, that the administration’s tougher approach to China would hurt U.S. companies.

Raimondo said on Thursday she would not urge U.S. companies to pull sponsorships from the upcoming Beijing Olympics after President Joe Biden announced a diplomatic boycott of the games over human rights abuses. “What individual companies do is entirely up to them,” Raimondo said. “We’re not going to pressure them one way or another.”

Continue Reading
6 Comments

6 Comments

  1. TellTheTruth-2

    December 15, 2021 at 9:55 am

    Sadly, because of Bill Clinton, the tentacles of the China Communist Party have a deep infiltration in the USA. Hopefully the MAGA movement wins in 2022 and 2024 and we can start to get the parasite called the China Communist Party OUT of the USA and destroy it economically.

  2. Michael Murphy

    December 15, 2021 at 9:58 am

    Seems the entire Democrat party and a few RINO’s are all connected to the Chinese.

  3. RedDog

    December 15, 2021 at 10:03 am

    Just goes to show you that the entire Biden administration is bought and paid for by the Chinese. All of these people are traitors and need to be dealt with….but there seems to be no one that has a spine anymore to do what is right. SAD!!

  4. Ric Reed

    December 15, 2021 at 10:08 am

    Beijing Joe is not just a bad dream.

    It’s a reality.

    Wake up America!!

  5. VE

    December 15, 2021 at 12:23 pm

    If she has any integrity she will resign. She cannot perform her duties of serving our nation when her husband has connections with a foreign government who does NOT have our best interests in mind.

  6. John Coe

    December 15, 2021 at 4:21 pm

    Thank you for this information. Most revealing. The hypocrisy of this administration is breathtaking.

Leave a Reply

Your email address will not be published. Required fields are marked *

China

Analysis: Biden unlikely to sanction Iran’s oil exports, gas prices ‘critical during an election year’

Published

on

GettyImages 1127383825 scaled

Analysts say President Joe Biden is unlikely to “prompt dramatic sanctions action on Iran’s oil exports” due to “worries about boosting oil prices and angering top buyer China” according to Reuters.

Speaking to Fox News on Sunday, House Republican Representative Steve Scalise, said the administration had made it easier for Iran to sell its oil, generating revenues that were being used to “go fund terrorist activity.”

The Biden administration has maintained for months that among its primary goals is to keep the Gaza conflict between terror group Hamas and Israel from turning into a wider regional war. However, House Republican leaders accused President Joe Biden of failing to enforce existing measures and said they would take up this week a series of bills to sharpen sanctions on Iran.

Kimberly Donovan, a sanctions and anti-money laundering expert at the Atlantic Council, said that oil-related sanctions have not been strictly enforced in the past couple of years.

“I would not expect the administration to tighten enforcement in response to Iran’s missile and drone attacks against Israel over the weekend, mainly for concerns (that) could lead to increases in oil prices,” she said.

“The price of oil and ultimately the prices of gas at the pump become critical during an election year.”
Continue Reading

Trending