McCormick Admits Chinese Military Investments Exposed U.S. to “Moral and Patriotic Hazards”
Bridgewater Invested in Chinese Military Companies Working on Malware, Missiles, Bombers, and More
PENNSYLVANIA — Connecticut mega-millionaire and Wall Street hedge fund CEO David McCormick is back in the spotlight for selling out America’s national security to China. A new report from Bloomberg details how David McCormick oversaw the investment of tens of millions in Chinese military companies making malware, missiles, bombers and more.
Bridgewater’s sizable investments helped the Chinese military-industrial complex grow, with investments in companies and parent companies that are working on stealth bombers, companies that create malware to spy on Western companies that make missiles, and a subsidiary of the country’s largest missile maker.
Highlights from the Report:
McCormick’s investments included:
- “$4.5 million in 2019 in the China Shipbuilding Industry Co. […] a major supplier of naval vessels. The parent company two years earlier had launched China’s first domestically produced aircraft carrier.
- “$9.7 million in 2020 in four subsidiaries of the Aviation Industry Corp. of China (AVIC), the state-run company that designs and produces China’s military aircraft and is working on the H-20 stealth bomber.
- “$2.1 million in AVIC Shenyang Aircraft Co. a year before the company rolled out an upgraded version of its J-15 Flying Shark fighter, and the J-16D, a plane equipped to jam radar systems while accompanying other attack jets.
- “$3.6 million was invested in 2020 in the AVIC Xi’an Aircraft Industry Group, which builds the H-6 bomber.
- “$1.9 million in 2019 in Aisino, a state-backed company flagged by the FBI in 2020 for producing tax software that could install malware and allow spying on Western companies operating in China. Aisino’s parent company […] is the country’s largest missile maker.”
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