Ramaswamy campaign defends former CEO’s ‘awakening’ on China after 2018 partnership with CCP-backed firm

Republican presidential candidate Vivek Ramaswamy is taking a hawk-like approach to China after previously doing business in the Communist state as the CEO of Roivant.

Vivek Ramaswamy, chair and co-founder of Strive Asset Management and a 2024 Republican presidential candidate, speaks during the Republican primary presidential debate hosted by Fox News in Milwaukee on Aug. 23, 2023."I would ban most U.S. businesses from doing business in China unless and until the CCP reforms its behaviors," he said.

Ramaswamy, however, was eager to do business with China just five years ago. On July 17, 2018, his company, Roivant Sciences,with CITIC PE, the private equity arm of the China state-owned investment company CITIC Group Corp., to create the China-based firm Sinovant Sciences. Sinovant’s website, which has since been deleted, said it was committed to"advancing Chinese biopharmaceutical innovation globally," according to

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