White House press secretary Jen Psaki dodged specifics on Hunter Biden’s ownership stake in a Chinese government-linked investment firm, saying only that “he has been working to wind that down” and directing reporters to speak with the president’s son for further details.
The lack of transparency comes despite promises from President Joe Biden that his family would not have any foreign business ties.
The Washington Examiner reported last week that Chinese business records indicate that Hunter Biden still appears to hold a 10% equity stake in Bohai Harvest RST (Shanghai) Equity Investment Fund Management.