Path 2

Sunday, Dec 18 2011

WSJ: Romney Blind Trusts Shed Chinese Holdings

Dec 18, 2011

On December 17, 2011, the Wall Street Journal reported:

Mitt Romney’s financial advisers shed all his investments in China, worth as much as $1.5 million, at some point after mid-August, about the time that Mr. Romney made “confronting China” on trade a central plank of his economic platform as a Republican presidential candidate.


The blind trusts for Mr. and Mrs. Romney held investments in Chinese enterprises worth from $700,000 to $1.5 million, according to the disclosure forms. They included holdings in China’s largest port operator, China Merchant Holdings; its largest commercial bank, Industrial & Commercial Bank of China; and a for-profit Chinese education company that was sued by a U.S. testing company for allegedly stealing copyrighted material. The U.S. company won a court award in Beijing.

The investments don’t appear in financial-disclosure forms that Mr. Romney filed in 2007 for his 2008 presidential campaign, suggesting they were acquired after that. Campaign officials said that they were sold within the last couple of months.

Read the full article here.

Published: Dec 18, 2011

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