Another Congressman Investing Hundreds of Thousands In China Businesses...
Wealthy Democrat says he was unaware of Chinese investment until contacted by the Washington Free Beacon. Sen. Richard Blumenthal (D., Conn.) and his wife Cynthia have a six-figure investment in a massive retail shopping complex in Shanghai that is part of a partnership between a Chinese government-controlled business consortium and Disney.
The Blumenthals have an investment of between $100,000 and $250,000 in U.S. Shanghai LLC, according to the senator’s annual financial disclosures. U.S. Shanghai LLC is a subsidiary of Malkin Properties, a company owned by Blumenthal’s brother-in-law, Scott Malkin. The company partnered in 2014 with the state-owned Shanghai Shendi Group to build Shanghai Village, a 592,000-square-foot luxury shopping resort next to Shanghai Disneyland. The Blumenthals are also invested in U.S. Suzhou LLC, another Malkin-owned shopping center near Shanghai...
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