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Report: Hunter Biden Remains A Board Member Of Chinese Company With A 10 Percent Equity Stake

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Hunter Biden, former Vice President Joe Biden’s son, is still a board member of the Chinese private equity firm he promised to resign from in October, according to the Daily Caller News Foundation’s recent report.

Chinese business records reviewed by the DCNF Tuesday reveal that Hunter Biden maintains a director status with the company, BHR. Moreover, the news site found that Hunter Biden’s company, Skaneateles LLC, has a 10 percent equity stake in the firm.

From the Daily Caller: 

“BHR manages the equivalent of $2.1 billion in assets, according to its website. Hunter Biden has served as an unpaid member of BHR’s board since its founding in 2013, and in October 2017 he obtained his equity stake in the firm with a $420,000 investment, according to Mesires.”

On Oct. 13, Hunter Biden issued his pledge to resign from BHR’s board “on or by October 31.” His father praised the move.

“The statement my son put out today, which I saw when he put it out — I was told it was going to be put out, I did not consult with him about what’s being put out — in fact represents the kind of man of integrity he is,” Joe Biden said in October of his pledge to  resign.

Hunter Biden became a central figure in the impeachment probe into President Donald Trump over a now-debunked allegation that the President threatened to withhold aid to Ukraine in exchange for an investigation into Hunter’s paid board membership with a Ukrainian gas company, Burisma holdings, while his father was in charge of Ukraine affairs under the Obama administration. The President was acquitted in February.

Click here to read the Daily Caller’s full story.

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New documents show China trying to establish ‘satellite state’ in Caribbean

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China has been “exploiting a fragile security environment and taking advantage of the region’s need for economic investment to gain influence and advance its malign agenda” in a move that challenges U.S. hegemony in the Americas, U.S. Southern Command Comm. General Laura Richardson recently told Congress in written testimony.

The Caribbean island nation of Antigua and Barbuda, located about 220 miles from the U.S. Virgin Islands, is where China is planning to establish a special Chinese-run economic zone, according to documents reviewed by Newsweek

Just The News  reports that per the documents, the area will have its own customs and immigration facilities, a shipping port and it will even issue passports. China will also establish different kinds of businesses that will specialize in things from facial surgery to virology, the latter of which is closely associated with the research in Wuhan that is the suspected source of the COVID-19 pandemic.

A spokesperson for SOUTHCOM said that the U.S. military is “aware that China may use its commercial and diplomatic presence for military purposes. In Asia, Africa and the Middle East, China has already abused commercial agreements at host-country ports for military aims; our concern is they may do the same in this region.”

More than two-thirds of the 31 nations under SOUTHCOM’s responsibility have signed onto China’s belt-and-road initiative, which is Beijing’s program to lend money to developing nations to use for infrastructure projects, according to Just The News.

Several nations have had problems with repaying such loans, resulting in Beijing seizing the country’s assets. For example, Sri Lanka struggled to pay back Beijing in 2017 and instead signed off the rights to a strategic port, according to Foreign Policy.

Rep. Eric Burlison, R-Mo., a member of the House Oversight Committee proving China’s incursion inside the U.S. sphere of influence, told Just the News on Monday night that Beijing’s aggression in the Caribbean reminded him of the Soviet’s intervention in Fidel Castro’s Cuba more than a half century earlier.

“It reminds me of Russia’s involvement in Cuba, just 220 miles off the shore of the US Virgin Islands. We have Antigua. It used to be considered the United States back yard. Unfortunately, today, it’s China’s front yard,” Burlison told the “Just the News, No Noise television show. “And China has used the united front to enter into loan agreements and contracts to create trade zones within Antigua in order to gain a foothold into the Caribbean.”

“And this is just part of their efforts around the globe, whether it’s in African countries or Laos. They’re they’re creating a network to try to undermine the U.S. dollar and try to end run around some of our tariffs and other programs,” he warned.

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