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Monday, September 24, 2012

Romney’s China holdings criticised

Romney’s China holdings criticised Mitt Romney’s trust invested in Cnooc at a time when the US was growing concerned about the Chinese oil company’s multibillion-dollar dealings with Tehran, according to the 2011 tax return released by the Republican nominee for president.
The Chinese investment by Mr Romney’s blind trust prompted accusations of hypocrisy from the Obama campaign on Monday, given Mr Romney’s criticism of Barack Obama for not being tough enough on Chinese “cheaters”.
“As he rolls his bus through many Ohio towns that are benefiting from [Obama’s] actions to . . . protect American workers from unfair Chinese trade practices, Mitt Romney will, as they say, have some explaining to do,” said an Obama campaign spokesman.
http://link.ft.com/r/UXDMSS/97VSGL/3O62UJ/2O9GAZ/7ZAZI4/50/h?a1=2012&a2=9&a3=24

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