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Published 09-26-2023
Ramaswamy's stance on China and plans for economic independence
- Ramaswamy supports banning American companies from expanding into China.
- He believes that China is the greatest external threat to America.
- Ramaswamy unveiled a plan to decouple from China in a speech in Ohio.
- He wants to cut ties with China and prevent them from buying land, donating to universities, and turning companies into Trojan horses.
- Ramaswamy supports banning companies from doing business in China.
- Ramaswamy would ban most US businesses from doing business in China unless the CCP reforms its behaviors.
- He wants to implement measures to prevent data theft and intellectual property theft by China.
- Ramaswamy aims to onshore critical supply chains to the US and expand trade with allies like Israel and India.
- He believes that reducing dependence on China's pharmaceutical supply chain is crucial.
- Ramaswamy is the only candidate to lay out a specific plan to diversify away from the Chinese-driven pharmaceutical supply chain.
Ramaswamy's past business dealings with China
- Ramaswamy's company, Roivant Sciences , partnered with a Chinese Communist Party-backed company in 2018.
- The partnership created a China-based firm called Sinovant Sciences.
- Sinovant aimed to advance Chinese biopharmaceutical innovation globally.
- Sinovant launched with a pipeline of 11 investigational biopharmaceutical products.
- Ramaswamy's campaign stated that a similar launch would not be allowed under his presidency.
- Ramaswamy stepped down as CEO of Roivant Sciences on February 20, 2023, to run for president .
- His campaign stated that Roivant eventually wound down its operations in China due to the risks involved.
- Sinovant and Cytovant, the companies formed through the partnership with China, are no longer operating but still exist for legal purposes.
- Neither Sinovant nor Cytovant generated any sales or profits.
- Roivant declined to comment on the matter.
Ramaswamy's change in views on China
- Ramaswamy's campaign stated that his views on China have changed due to his experiences with Roivant Sciences .
- They emphasized that the country cannot depend on an enemy for its modern way of life.
- Ramaswamy's experiences have shaped his understanding of complex issues.
- He is the only prominent CEO who publicly called out the risks posed by China.
- Ramaswamy hopes that other candidates and private sector leaders will follow his lead.
Ramaswamy's plan to ban companies from doing business in China
- Ramaswamy supports banning American companies from expanding into China.
- Ramaswamy supports banning companies from doing business in China.
- Ramaswamy would ban most US businesses from doing business in China unless the CCP reforms its behaviors.
- He wants to implement measures to prevent data theft and intellectual property theft by China.
Ramaswamy's departure from his business in China
- Ramaswamy stepped down as CEO of Roivant Sciences on February 20, 2023, to run for president .
- His campaign stated that Roivant eventually wound down its operations in China due to the risks involved.
- Sinovant and Cytovant, the companies formed through the partnership with China, are no longer operating but still exist for legal purposes.
- Neither Sinovant nor Cytovant generated any sales or profits.
- Roivant declined to comment on the matter.
