-After the steel mills fell, it just all crumbled.
-The Trump campaign released this ad on August 19th.
More than 20 million people have viewed it since then,
making it the campaign's most popular YouTube video.
Many of the clips are taken out of context
to skew Biden's statements on China.
The first comes just 23 seconds in.
-We want to see China rise.
-But the full context reveals Biden's point was more nuanced.
-We do not fear China's rise. We want to see China rise.
-Just a second later, this edit skews Biden's remarks.
-China is going to eat our lunch?
Come on, man!
They can't even figure out how to deal with the fact
that they have this great division between the China Sea
and the mountains in the East, I mean, in the West.
They can't figure out how they're gonna deal
with the corruption that exists within the system.
I mean, you know, they're not bad folks, folks,
but guess what.
They're not competition for us.
I believed then, and I'm even more convinced now,
that a rising China is an incredibly positive development.
China has made remarkable, remarkable strides.
-Again, that is not all Biden said.
-I believed then, and I'm even more convinced now,
that a rising China
is an incredibly positive development for,
not only China,
but the United States and the rest of the world.
China has made remarkable,
remarkable strides in the past 20 years,
lifting a half a billion people out of poverty.
-Then, the ad pivots, seemingly to Biden's responses
to his son Hunter's business dealings in China.
-Less than two weeks after that trip,
BHR Partners was launched,
a private equity firm funded in part by Chinese banks.
-He has come forward and said it was a mistake
on his part to be on the board.
My son's business dealings were not anything,
what everybody, that he's talking about.
-What's your understanding of what your son was doing
for an extraordinary amount of money?
-I don't know what he was doing. I know he was on the board.
-Each of Biden's answers was in response
to a question about Ukraine.
-There's no indication that your son did anything wrong
or was part of any corruption in Ukraine,
but you still haven't really answered the question
of whether or not you think it's proper
for the son of a sitting vice president of the United States
to serve on the board of a foreign company
that's been investigated for corruption.
-No one has suggested I did anything wrong,
and I didn't realize he was on the board till after it was,
after he had been on the board
and, at the same time, he has come forward
and said it was a mistake on his part to be on the board.
-Hunter Biden, your son, was getting paid a lot of money
to serve on the board of a Ukrainian energy company
facing serious corruption charges.
You were the vice president, running point on Ukraine.
The average Joe hears that and says, "That sounds fishy".
What's your understanding of what your son was doing
for an extraordinary amount of money?
-I don't know what he was doing. I know he was on the board.
I found out he was on the board
after he was on the board, and that was it.
-There is no evidence that Hunter Biden
pocketed exorbitant amounts of money from China.
-This is obviously an issue. -What they said is,
"China would prefer Joe Biden".
-Pelosi was referring to a US intelligence assessment,
not a statement by Chinese officials.
-A top elections official in the Office
of the Director of National Intelligence
revealed on Friday that Russia is using a range of measures
to primarily denigrate former Vice President Joe Biden,
while both China and Iran
don't want President Trump to win reelection.
-What they said is, "China would prefer Joe Biden".
Whether they do, that's their conclusion,
that they would prefer Joe Biden.
Russia is actively, 24/7, interfering in our election.
-Then, the ad transitions back,
clipping more of the former vice president's statements.
-China is a great nation,
and we should hope for their continued expansion.
-That is not all Biden said. -China is a great nation,
and we should hope for their continued expansion.
But, ladies and gentlemen, their problems are immense.
The growth of China is overwhelmingly in our interest,
but responsible competition is equally as much in our interest.
And there's much more to come.
-And now, the steel mill ain't even there.