I think we can all agree, anyone working in this administration should not have ties to Chinese companies associated with forced labor.
That is not the case, however.
Climate czar John Kerry has about $1 million investment with Hillhouse China Value Fund.
The problem here is this fund has holdings in companies associated with labors abuses, one company of which recently had a shipment stalled by Customs and Border Protection.
Not a Good Luck
On October 28, CBP seized a shipment from LONGi Green Energy Technology.
The company buys materials associated with the production of solar panels, including raw materials from Hoshine Silicone Industry.
Hoshine has been cited by this administration for using forced labor.
The shipment was seized on a “Withhold Release Order,” typically used for foreign goods produced or manufactured using forced labor.
This past December, Hillhouse China Value Fund obtained a six percent stake in LONGi.
That would make Hillhouse the second largest stockholder of the company, meaning Kerry has a stake in a company that uses forced labor.
That fund falls under the Hillhouse Capital Group, operated by Zhang Lei, a Chinese investor with ties to the CCP.
These ties have not gone unnoticed by Republicans, with Senator Marco Rubio (R-FL) recently stating, “President Biden now has a choice: stand by the man profiting from slave labor or fire him.
“It should be an easy choice, but the Biden administration and some Democrats are so desperate for a climate deal with the Chinese Communist Party that they are willing to ignore the regime’s use of slave labor.”
So, Joe Biden wants a climate deal, yet China will not participate, which is stunning considering the country is one of the two top polluters on the planet.
Secondly, one of his top officials has holdings in China, and his son, Hunter Biden, has still not divested from his China holdings.
Additionally, consider you have a climate czar, obviously someone who will be influencing contract decisions, heavily invested in the very industry he is supposed to be regulating.
Is it me, or does something smell really bad in this kitchen?
Source: New York Post