Mitt Romney’s China investment controversy is far from over. A March 15 story in the New York Times concerning Romney’s family trust investments in a Chinese company that manufactures surveillance cameras used by the Communist Party-ruled police-state apparatus continues to cause waves and draw attention to U.S. policies vis-à-vis the People's Republic of China (PRC) that are immoral, as well as being harmful to our economy and harmful to the human rights of the Chinese people.
The Times piece reported that Bain Capital, the private equity firm founded by Romney, stands to profit from its buyout of Uniview Technologies, the Chinese company that is one of the largest providers of surveillance technology to the Beijing regime. Team Obama viewed the article as a godsend, providing an opportunity to counterattack Romney’s criticism of President Obama’s “weakness” on China and his administration’s failure to recognize that “the Chinese government continues to deny its people basic political freedoms and human rights.” Obama’s Deputy Campaign Manager Stephanie Cutter accused Romney of “hypocrisy” and of being "less than forthcoming" with his financial statements, especially as they relate to China.
In a press statement, Cutter said:
Now we know why Mitt Romney has been less than forthcoming about the details of his finances. Romney and his trustee claimed that he divested completely from Chinese-based companies. But today we learned that he continues to have a partnership interest worth hundreds of thousands of dollars in a Bain Capital fund that owns a Chinese video surveillance company. This revelation not only highlights Romney’s utter hypocrisy on China, but it also raises more questions about what his investments are and why he won’t reveal all of them.
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Photo of Mitt Romney in his home town of Belmont, Massachusetts: AP Images