Bloomberg’s business in China has grown. That could create unprecedented entanglements if he is elected president.
The FT just reported on how Mr. Bloomberg profited from a recent conference in China.
(From The Washington Post)
The billionaire, whose core business sells financial information to investors, has led efforts since 2015 to make it easier for U.S. companies to trade in Chinese currency, a move embraced by China’s largest banks. He expanded one of his company’s financial indexes, which could steer $150 billion into China while earning his firm an undisclosed amount in fees.
Reprinted from: https://www.ac2news.com/2020/01/bloombergs-business-in-china-has-grown-that-could-create-unprecedented-entanglements-if-he-is-elected-president/
