Kerry Holds $1M Stake in Chinese Equity Fund Linked to Human Rights Abuses: Report
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Biden administration climate czar John Kerry holds a $1 million stake in a Chinese private equity fund, Hillhouse China Value Fund, that is both invested in a tech company blacklisted for human rights abuses and is a major shareholder in a solar panel firm connected to labor abuses of the Uyghurs, The Washington Free Beacon reported on Monday.
Hillhouse China Value Fund L.P. bought last December a 6% stake in LONGi Green Energy, a Chinese solar panel manufacturer, making it the company’s second largest shareholder.
Human rights groups and U.S. lawmakers have accused LONGi of sourcing many of its raw materials from companies that are believed to use forced labor in Xinjiang, a region where the Chinese government has abused the Uyghur population and other ethnic minorities.
Hillhouse is also a major funder of a tech firm connected to Beijing’s surveillance of the Uyghurs, a revelation last week that led Republican senators to urge Biden to fire Kerry over ethics concerns.
The newest revelations raise more questions about whether Kerry is using his position as climate envoy to prevent regulations on Chinese solar panel imports.
“On the one hand, we’re saying to [China], ‘You have to do more to help deal with the climate,’” Kerry said last month. “And on the other hand, their solar panels are being sanctioned, which makes it harder for them to sell them.”
Sen. Marco Rubio, R-Fla., said Kerry has been actively lobbying against his bill that would bar Chinese imports made with slave labor, which passed the Senate with bipartisan support but is languishing in the House, according to the Free Beacon.
Anders Corr, an intelligence analyst and publisher of the Journal of Political Risk, said Kerry’s China investments were “an outrage.” Read the full story at Newsmax.