Hunter Biden admits to earning $664,000 from China, contradicting father's claims: court transcript

Hunter Biden admitted in federal court that a Chinese Communist Party-backed company gave him $664,000, contradicting his father's claims that his son "has not made money" in China, according to the official court transcript. 

Hunter Biden received $664,000 from the Chinese energy company CEFC, the transcript, obtained by Politico, from Wednesday's hearing shows. Additionally, he admitted to earning more than $2.6 million for business and consulting from a company he formed with Yi Jianming, the CEO of the Chinese energy company.

The revelations contradict President Joe Biden's previous statements defending his son.

During a 2020 presidential debate, Biden said: "My son has not made money in terms of this thing about – what are you talking about – China."

In March, a reporter asked Biden about allegations that his son's business associate sent more than a million dollars to three of his family members. 

"That's not true," Biden responded.

The hearing Wednesday ended with Hunter Biden pleading not guilty to the charges after the judge rejected his plea deal with the Justice Department.

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