{"id":1123217,"date":"2021-12-15T21:14:15","date_gmt":"2021-12-16T02:14:15","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1123217"},"modified":"2021-12-15T21:14:20","modified_gmt":"2021-12-16T02:14:20","slug":"husband-of-biden-cabinet-secretary-is-top-executive-at-company-backed-by-chinas-communist-government-report","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/husband-of-biden-cabinet-secretary-is-top-executive-at-company-backed-by-chinas-communist-government-report\/","title":{"rendered":"Husband Of Biden Cabinet Secretary Is Top Executive At Company Backed By China\u2019s Communist Government: Report"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">32<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fhusband-of-biden-cabinet-secretary-is-top-executive-at-company-backed-by-chinas-communist-government-report%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1123217&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The husband of one of Democrat President Joe Biden\u2019s cabinet secretaries is a top executive in an artificial intelligence company that is backed by China\u2019s communist government.<\/p>\n<p>\u201cDanhua Capital, based in California but established with the financial backing of the Chinese Communist Party, is one of the main funders of PathAI, an artificial intelligence firm that employs [Commerce Secretary Gina] Raimondo\u2019s husband, Andy Moffit, as its chief people officer,\u201d the Washington Free Beacon <a href=\"https:\/\/freebeacon.com\/biden-administration\/commerce-secretarys-husband-is-top-executive-at-tech-firm-funded-by-chinese-government\/\">reported<\/a>. \u201cA venture capital firm backed by the Chinese government is a major investor in an artificial intelligence company that counts Commerce Secretary Gina Raimondo\u2019s husband as a top executive, a potential conflict of interest as her agency works to counter China on the world stage.\u201d<\/p>\n<p>Reuters reported a few years ago that Danhua Capital was part of China\u2019s \u201cpenetration of Silicon Valley,\u201d noting that the communist government plays a very influential role \u201cin the smaller venture firms they back by providing a greater percentage of their funding.\u201d<\/p>\n<p>Reuters <a href=\"https:\/\/www.reuters.com\/article\/us-usa-china-techinvesting-insight\/chinas-penetration-of-silicon-valley-creates-risks-for-startups-idUSKBN1JP08V\">reported<\/a>:<\/p>\n<p class=\"Paragraph-paragraph-2Bgue ArticleBody-para-TD_9x\"><em>Danhua Capital, which is backed by the Zhongguancun Development Group, a state-owned enterprise funded by the Beijing municipal government, has holdings in some of the most sensitive technology sectors.<\/em><\/p>\n<p class=\"Paragraph-paragraph-2Bgue ArticleBody-para-TD_9x\"><em>Its investments include data management and security company Cohesity, which counts the U.S. Department of Energy and U.S. Air Force among its customers. Drone startup Flirtey, which in May was selected by the U.S. Department of Transportation to participate in projects to help the agency integrate drones safely into U.S. air space, is also part of the Danhua portfolio.<\/em><\/p>\n<p>The report said that Raimondo has emerged as one of \u201cthe most pro-China voices in the administration,\u201d noting her department provided a lifeline this year to China\u2019s Huawei, which is reportedly tied to China\u2019s genocide of religious minorities.<\/p>\n<p>Raimondo told The Wall Street Journal in an interview back in September that she wants to increase U.S. business ties with communist China, even though she acknowledged that Chinese policies harm American companies.<\/p>\n<p>The WSJ <a href=\"https:\/\/www.wsj.com\/articles\/commerce-secretary-gina-raimondo-aims-to-strengthen-business-ties-with-china-11632475802\">report<\/a> said:<\/p>\n<p><em>Raimondo said she plans to lead delegations of U.S. chief executives overseas, including to China, to hunt for business and discuss longstanding trade issues, though nothing has yet been put on the calendar. \u2026<\/em><\/p>\n<p><em>Chinese economic policies disadvantage U.S. companies by subsidizing exports at below-market prices and&nbsp;winking at the theft of intellectual property, Ms. Raimondo said. Even so, she said the U.S. must trade with China given the size of its market.<\/em><\/p>\n<p>Matt Pottinger, who served in the Trump administration as the senior Asia adviser on the National Security Council and later as deputy national security adviser, and David Feith, who served in the Trump administration as U.S. deputy assistant secretary of state for East Asian and Pacific affairs, <a href=\"https:\/\/www.nytimes.com\/2021\/11\/30\/opinion\/xi-jinping-china-us-data-war.html\">warned<\/a> in a New York Times op-ed on Wednesday that China was dominating the world in the crucial domain of data.<\/p>\n<p>\u201cThe Biden administration has spoken about the importance of data in our competition with China. But no visible strategy has emerged,\u201d they wrote. \u201cThat threatens Americans\u2019 privacy, economic competitiveness, national security and future global standing. This will be a major test of America\u2019s China policy in 2022.\u201d<\/p>\n<p><strong>Related:<\/strong><\/p>\n<p>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a <a href=\"https:\/\/www.dailywire.com\/subscribe\">member<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The husband of one of Democrat President Joe Biden\u2019s cabinet secretaries is a top executive in an artificial intelligence company that is backed by China\u2019s communist government.\u201cDanhua Capital, based in California but established with the financial backing of the Chinese Communist Party, is one of the main funders of PathAI, an artificial intelligence firm that employs [Commerce Secretary Gina] Raimondo\u2019s husband, Andy Moffit, as its chief people officer,\u201d the Washington Free Beacon reported. \u201cA venture capital firm backed by the Chinese government is a major investor in an artificial intelligence company that counts Commerce Secretary Gina Raimondo\u2019s husband as a top executive, a potential conflict of interest as her agency works to counter China on the world stage.\u201dReuters reported a few years ago that Danhua Capital was part of China\u2019s \u201cpenetration of Silicon Valley,\u201d noting that the communist government plays a very influential role \u201cin the smaller venture firms they back by providing a greater percentage of their funding.\u201dReuters reported:Danhua Capital, which is backed by the Zhongguancun Development Group, a state-owned enterprise funded by the Beijing municipal government, has holdings in some of the most sensitive technology sectors.Its investments include data management and security company Cohesity, which counts the U.S. Department of Energy and U.S. Air Force among its customers. Drone startup Flirtey, which in May was selected by the U.S. Department of Transportation to participate in projects to help the agency integrate drones safely into U.S. air space, is also part of the Danhua portfolio.The report said that Raimondo has emerged as one of \u201cthe most pro-China voices in the administration,\u201d noting her department provided a lifeline this year to China\u2019s Huawei, which is reportedly tied to China\u2019s genocide of religious minorities.Raimondo told The Wall Street Journal in an interview back in September that she wants to increase U.S. business ties with communist China, even though she acknowledged that Chinese policies harm American companies.The WSJ report said:Raimondo said she plans to lead delegations of U.S. chief executives overseas, including to China, to hunt for business and discuss longstanding trade issues, though nothing has yet been put on the calendar. \u2026Chinese economic policies disadvantage U.S. companies by subsidizing exports at below-market prices and\u00a0winking at the theft of intellectual property, Ms. Raimondo said. Even so, she said the U.S. must trade with China given the size of its market.Matt Pottinger, who served in the Trump administration as the senior Asia adviser on the National Security Council and later as deputy national security adviser, and David Feith, who served in the Trump administration as U.S. deputy assistant secretary of state for East Asian and Pacific affairs, warned in a New York Times op-ed on Wednesday that China was dominating the world in the crucial domain of data.\u201cThe Biden administration has spoken about the importance of data in our competition with China. But no visible strategy has emerged,\u201d they wrote. \u201cThat threatens Americans\u2019 privacy, economic competitiveness, national security and future global standing. This will be a major test of America\u2019s China policy in 2022.\u201dRelated:The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a member.<\/p>\n","protected":false},"author":102,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1123217","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1123217","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/102"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1123217"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1123217\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1123217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1123217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1123217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}