Wednesday, October 30, 2024
Many Republicans take a tough line on China despite their own business ties to Beijing
As CNN reported, between 2017 and 2021, such qualms did not stop McCormick overseeing an increase in Bridgewater's Chinese holdings from $1.6m to $1.77bn. Nor, according to Bloomberg, did Bridgewater flinch from significant investments in companies that supply the Chinese military. It has also been reported that McCormick oversaw investment in a Chinese fentanyl producer and, as HuffPost put it, "profited from China trade policies he helped shape" as a deputy national security adviser for international economic affairs under George W Bush...
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