The Biden administration on Tuesday blacklisted the same Chinese shipping company over its ties to the Chinese military that Hunter Biden was set to partner with in a failed railway deal in Southern Europe.
The Department of Defense added the China Ocean Shipping Corporation (COSCO), the largest shipping company in China, to the list identifying “Chinese military companies” in the United States along with other Chinese shipbuilders. Though listed companies do not face penalties, U.S. companies are discouraged from pursuing business relationships with them.
Hunter courted Chinese company
As a state-owned enterprise, COSCO has long faced scrutiny for its ties to the People’s Liberation Army and its participation is expanding the influence of the Chinese Communist Party across the globe, even as the United States’ own commercial maritime power is on the decline.
Yet, Hunter Biden, the president’s son, and his business partners in 2015 courted COSCO for funding in an acquisition deal. The project was a proposed acquisition of the Greek national railway TrainOSE which was set to be privatized. This was just one of many deals the younger Biden organized with Chinese partners while his father was Barack Obama’s vice president.
Evidence shows Hunter Biden also provided real access