Romney's Stake in Chinese Stocks

romney investments in iran and china

DEPOSIT NAME
Romney investments in iran and china
CATEGORY
Stocks
POPULARITY
87/100

Description

About a fifth of Romney's China profits came from China Life Insurance, the mainland's largest life insurer. Mitt Romney promised in 2007 he would shed any investments that conflicted with Republican positions on hot-button domestic and foreign policy issues. Those trades came during a period when Romney has sought to convince voters of his conservative Republican values. Massachusetts governor’s race in 2002. The trust is designed to eliminate conflicts of interest by preventing Romney from knowing about trades made on his behalf and from making specific financial decisions. Romney held between $100,000 and $250,000 worth of shares in Novo Nordisk, a Danish pharmaceutical company that engages in limited use of stem cells for research. Teva Pharmaceutical, an Israeli company that engages in stem cell research. Massachusetts governor, Romney vetoed an attempt by the state legislature to require hospitals to provide morning-after pills to rape victims and make them available to women and teenaged girls without a prescription. Romney said at the time he opposed the contraceptive’s distribution because the pill would not only prevent conception but “would also terminate life after conception.” His veto was overruled. Chinese-manufactured goods to giant American retailers like Target and Walmart -- precisely the types of products that many argue have cost American jobs at home as they've been outsourced to cheaper labor markets. Those trades came during a period when Romney has sought to convince voters of his conservative Republican values. Mitt Romney rips President Obama’s policy on China and talks tough against the rising global power. But according to Romney’s recent tax returns, between 2008 and 2011 Romney invested more than a half million dollars in the stocks of 10 Chinese companies—including firms that embezzled, partnered with Iran, and stole US intellectual property. President Obama used them to hammer him on the issue of Iran's alleged nuclear weapons program.