Michael Bloomberg, who is weighing a bid for the Democratic nomination for presi...
WASHINGTON - Michael Bloomberg, who is weighing a bid for the Democratic nomination for president, will not attend an economic conference in China next week being hosted by his media outfit, a company spokesman told Reuters on Friday.
The forum is scheduled to kick off the same day that 10 of his potential Democratic presidential rivals will debate on a stage in Atlanta, Georgia. Appearing in Beijing could have been a potentially awkward reminder of the billionaire’ s deep business ties to a country run by a Communist Party that has become the chief geopolitical rival of the United States.
But his pro-business message puts him somewhat out-of-step with bipartisan support for taking a tougher line on perceived Chinese trade abuses. The media magnate’s eponymous news organization came under scrutiny in 2013 after the New York Times reported that it had quashed investigative reports about wealth linked to the families of top Chinese officials, citing sources that it had self-censored, possibly to preserve its business in the country. Bloomberg refuted the reports.
“To the extent that Bloomberg actually mounts a defense of trade with China, and opposition to the tariffs specifically, he would be one man on an island and inevitably taking fire from all sides.”
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