Eric Risberg/AP Photo
Democratic presidential candidate Michael Bloomberg has had extensive business dealings with China and the Chinese government.
If there’s anyone out there who believes Michael Bloomberg would be a strong candidate to unseat Donald Trump, a very well-documented story in today’s Washington Post should tank any such delusions. Some of the particular weaknesses that Post reporter Michael Kranish documents have been in plain view for some time, while others are getting their first exposure, but no one has assembled them into a coherent narrative comparable to Kranish’s.
In case you didn’t know, Bloomberg is up to his neck in business relations with China and the Chinese government. His company has had offices in Beijing for the past 25 years and has made a tidy sum selling its computers and financial information to the nation’s multitude of capitalists and to its Leninist-capitalist government. Two years ago, the Bloomberg Barclays Global Aggregate Bond Index elected to include Chinese government bonds in its listings, enabling Western investors to fund the Chinese government’s myriad endeavors. Kranish reports that financial experts believe that $150 billion in such investments will flow to China in the next couple of years.
Also in 2018, Bloomberg initiated the Bloomberg New Economy Forum, his very own Asian-oriented Davos, which held its meeting that year in Singapore, and its 2019 confab in Beijing.
Not surprisingly, seldom is heard a discouraging word from Bloomberg about the Chinese government. One searches in vain for his criticisms of the government’s mass incarceration of the Uighurs or its threats to Hong Kong. On the contrary, he told a television audience that Chinese President Xi Jinping “is not a dictator.”
In short, Bloomberg is the man who opened the door to major American investments in the Chinese government. Can I see the hands of those who think this will help him if (as, happily, will not happen) he’s the designated Democrat to take on Trump?
