Vivek Ramaswamy's Business Ties to China Explained

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The 2024 Republican presidential candidate has come under fire for previously doing business with a company owned by the Chinese government.

Republican presidential candidate Vivek Ramaswamy was repeatedly attacked by his rivals over business ties to China during the second GOP presidential primary debate.Ramaswamy, an entrepreneur before launching his political career, took part in the debate alongside six other candidates at the Ronald Reagan Presidential Library & Museum in Simi Valley, California, on Wednesday night. Opponents including Senator Tim Scott of South Carolina, former Vice President Mike Pence, ex-U.S.

Roivant Sciences, a biotech company that Ramaswamy formed in 2014, joined forces in 2018 with CITIC PE, an arm of a larger company owned by the government of China, to form the Chinese pharmaceutical firm Sinovant Sciences.A 2018 press release for a Sinovant event describes the company as 'a Shanghai-based biopharmaceutical company dedicated to bringing innovative medicines to China and advancing Chinese biopharmaceutical innovation abroad.

 

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