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Indybay FeatureRelated Categories: U.S. | Government & Elections
Some Of Romney's Many Chinese Investments
Romney's has not just outsourced once but many times to China... and has tried to have the Pentagon give a contract to a Chinese army connected company.
Romney attempted to have the Pentagon give a contract
to Huawei, a Chinese company connected to the Chinese
Romney invested in Li and Fung, a company specializing
in supplying WalMart, Target. WalMart is one of 2 of the world's
"Romneys' (both husband and wife) 2010 and 2011 tax returns show investments in at least 10 Chinese companies, a total investment of at least $391,800.
Among them were New Oriental Education and Technology, a company in which the Romneys' blind trusts invested nearly $60,000. New Oriental is famous for stealing copyrighted U.S. academic tests, and was fined hundreds of thousands of dollars by a Chinese court for it."
Romney gave 1 million to Elliott Management which bought
former GM auto parts company, outsourcing 25 of 29 factories
to China as it eliminated auto worker pensions. At the same time Republican operatives attacked
Democrats, prevaricating in saying Dems had created the Delphi problem.
Romney invested $100,000 in Chinese oil, only one of
many investments there, including buying a factory
and through Elliott Management in which he invested..
outsourcing 25 of 29 Delphi factories to China.
Mitt Romney in Massachusetts: "The blind trust is an age old ruse,
if you will, which is to say, you can always tell the blind trust what
it can and cannot do. You give a blind trust rules."
Romney's tax plan would if he had been elected have given
tax credits to those companies outsourcing to China.
This as he has run an ad in some states saying he would
'stand up to China'.
One of several other Bain Capital investments