Via The Hill:
A private equity firm managed by the sons of former Vice President Joe Biden and former Secretary of State John Kerry struck a deal with China’s state-owned bank in 2013 at the same time that Biden was in the country to meet with Chinese President Xi Jinping.
Hunter Biden, who arrived in China aboard Air Force Two alongside the vice president and the rest of the U.S. delegation, was at the time in control of Rosemont Seneca Partners LLC., a private equity firm that would go on to strike a deal with the state-owned Bank of China to create a $1 billion joint investment fund.
In excerpts from his upcoming book, “Secret Empires: How the American Political Class Hides Corruption and Enriches Family and Friends,” Breitbart News senior editor-at-large Peter Schweizer writes that the China deal was part of a trend of high-stakes deals between the sons’ investment firm — under the Rosemont entities umbrella — and foreign governments that were also in the middle of striking deals with the Obama administration.