Commerce secretary pick has substantial business links with China, raising questions of possible conflict of interest
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The investment banker Howard Lutnick’s exposure to China came into sharp relief, after the Republican president-elect, Donald Trump, tapped him to lead the agencies that have become the tip of the spear in the US-China trade war.
The financial services firms helmed by Lutnick have profited from ties to China: from BGC Group, which has a joint venture in Beijing with Chinese-state owned China Credit Trust, to Cantor Fitzgerald, which has helped take Chinese firms public in the United States.
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