John Kerry has an investment of at least $1 million in a private equity fund based in China with some questionable investments for any American, much less one acting as Joe Biden’s “Special Presidential Envoy for Climate.”
Hillhouse China Value Fund L.P. is that fund. It is invested in a technology company delisted by the U.S. for human rights abuses. It is also a solar panel manufacturer connected with allegations of abusing Muslim Uyghurs in China as slave labor.
Hillhouse is the second-largest shareholder in LONGi Green Energy, with a 6% interest in the Chinese solar panel company. LONGi has been scrutinized by U.S. lawmakers and human rights watchdog organizations for obtaining production materials from suppliers expected to be exploiting Uyghurs for forced labor.
American Solar Manufacturers Against Chinese Circumvention (A-SMACC) is an organization that has asked the Biden administration to investigate the sources of LONGi’s production materials, asking for sanctions and additional tariffs on goods connected to forced labor in Chinese labor camps. A-SMACC argues that Chinese producers realize an unfair advantage through the use of slave labor.
Hillhouse also invests heavily in a tech firm with ties to the communist Chinese government’s control and essential enslavement of the Uyghurs. When Kerry’s investment in the fund was reported last week, some Republican senators called on Biden to fire Kerry from his envoy position.
Kerry is already under suspicion about claims that he is using his official position to block U.S. regulatory measures affecting importing Chinese-made solar panels. He said last month that the U.S. is telling China that it has to “do more to help” with environmental and climate issues while making it “harder for them to sell them.”
His investment in Hillhouse was listed as “over $1,000,000” on a legally required financial disclosure form he filed earlier this year.
With the Journal of Political Risk, Anders Corr described the investment as an outrage, in that Kerry claims to maintain the utmost ethical integrity as a federal public official. Corr added that any official found to have invested in China should be immediately removed from any public position involving trust.