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Tag: Ajay Banga

Biden’s World Bank Pick: Controversial Ties to Chinese Company 

Posted on April 20, 2023April 20, 2023 by Matt

The individual President Joe Biden has chosen to head the World Bank has ties to the Chinese business community.

Ajay Banga is presently the vice chairman of General Atlantic, one of ByteDance’s most influential investors. ByteDance, a Chinese firm, owns TikTok, and the app’s close ties to the Chinese Communist Party have raised security worries.

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