Documents: China Gave Interest-Free Loans To Bidens

FILE - Then Chinese Vice President Xi Jinping, left, and then U.S. Vice President Joe Biden hold t-shirts given to them by students during their visit to the International Studies Learning Center in South Gate, Calif. Feb. 17, 2012. When Xi Jinping came to power in 2012, it wasn't clear what kind of leader he would be. His low-key persona during a steady rise through the ranks of the Communist Party gave no hint that he would evolve into one of modern China's most dominant leaders, or that he would put the economically and militarily ascendant country on a collision course with the U.S.-led international order. (AP Photo/Damian Dovarganes, File)

At a glance

  • President Joe Biden has made waves this fall with his plan to forgive hundreds of billions of dollars of student loans, shifting the burden to taxpayers. Five years earlier, his family cashed in on a zero-interest, forgivable loan of its own from an energy company in communist China, according to evidence in the possession of the FBI.
  • The loan arrangement, confirmed in documents obtained by Just the News and also new information released by Sen. Charles Grassley (R-Iowa), shows the Chinese energy firm CEFC Beijing International Energy Company Limited understood the transaction would benefit Joe Biden’s family (referred to as “BD family” in the emails), but it also was creating heartburn with its own compliance/risk management officers.

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