Hunter Biden to step down from Chinese-backed firm, will forgo foreign business if dad is elected

Joe Biden’s son Hunter Biden will step down from a Chinese-backed private equity firm, his lawyer said in a statement posted to Medium defending the former vice president’s son’s work abroad for the first time since it has become a major issue in the 2020 presidential cycle.

Through his attorney George Mesires, the younger Biden defended his past business relationships with foreign businesses while pledging to avoid any future work that might pose conflicts of interest should his father win the White House. Miseres said that at no time has the former vice president’s 49-year-old son engaged in any wrongdoing related to his affiliation with a Ukrainian energy company, and details the limited role he plays as a member of the board of directors with a private equity firm with ties to Chinese state-owned businesses.