{"id":1874072,"date":"2023-03-10T13:28:38","date_gmt":"2023-03-10T18:28:38","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-administration-defends-world-bank-pick-over-tiktok-business-ties\/"},"modified":"2023-03-10T13:30:51","modified_gmt":"2023-03-10T18:30:51","slug":"biden-administration-defends-world-bank-pick-over-tiktok-business-ties","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-administration-defends-world-bank-pick-over-tiktok-business-ties\/","title":{"rendered":"Biden administration defends World Bank pick over TikTok business ties"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-administration-defends-world-bank-pick-over-tiktok-business-ties%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1874072&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<div class=\"RichTextArticleBody-body\">\n<div class=\"Enhancement\">\n<div class=\"Enhancement-item\">\n<div id=\"Brid_78399405\" class=\"brid\" style=\"width:16; height:9;\" itemprop=\"video\" itemscope itemtype=\"http:\/\/schema.org\/VideoObject\">                <meta itemprop=\"name\" content=\"Six takeaways from Biden's big-spending budget proposal\">               <meta itemprop=\"description\" content=\"President Joe Biden released his budget for the next fiscal year on Thursday, outlining the policy priorities that could underpin his reelection bid should he choose to run for a second term. Biden claimed his budget proposal would cut the deficit by $3 trillion over the next decade, although he requested spending increases across virtually every part of the government.\">               <meta itemprop=\"duration\" content=\"PT2M32S\">               <meta itemprop=\"uploadDate\" content=\"2023-03-09 21:59:50\">               <meta itemprop=\"thumbnailURL\" content=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2023\/03\/localimages\/1259651_th_1678399391.jpg640b76d723b2f.jpg\">               <meta itemprop=\"contentUrl\" content=\"https:\/\/cdn.brid.tv\/live\/partners\/19383\/sd\/1259651.mp4\">              <\/div>\n<p>               <script type=\"text\/javascript\"> var _bp=_bp||[]; _bp.push({ \"div\": \"Brid_78399405\", \"obj\": {\"id\":\"27789\",\"width\":\"16\",\"height\":\"9\",\"video\":\"1259651\"} }); <\/script>               <script type=\"text\/javascript\" async src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script>              <\/div>\n<\/p><\/div>\n<p>The Biden administration supported its defense <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/biden-nominates-ajay-banga-to-lead-world-bank\" target=\"_blank\" rel=\"noopener\">Nominated to Lead<\/a> Over his tenure with the World Bank <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/biden-world-bank-picks-china-business-ties\" target=\"_blank\" rel=\"noopener\">Business connections<\/a> ByteDance is TikTok&#8217;s Chinese parent, and the video app is at the forefront in a push to regulate financial ties between China and the United States.<\/p>\n<p>General Atlantic&#8217;s vice-chairman, <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/biden-world-bank-picks-china-business-ties\" target=\"_blank\" rel=\"noopener\">Major investor in ByteDance<\/a> Ajay Banga was nominated by more than 20 Chinese companies. <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/biden-world-bank-picks-china-business-ties\" target=\"_blank\" rel=\"noopener\">prompted questions<\/a> About the <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\" target=\"_blank\" rel=\"noopener\">White House<\/a> As bipartisan backlash grows over China&#8217;s influence operations, the vetting process is being reworked.<\/p>\n<p><b><a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/biden-world-bank-picks-china-business-ties\" target=\"_blank\" rel=\"noopener\">BIDEN-WORLD BANK PICK&#8217;S CHINESE BOARD TIES RISE VETTING QUESTIONS<\/a><\/b><\/p>\n<p>A spokesperson for the Treasury Department distanced the nominee&#8217;s firm from TikTok in a statement supporting Banga. <i>Washington Examiner<\/i> Friday &#8220;General Atlantic&#8217;s investment in ByteDance predates Banga&#8217;s work there.&#8221;<\/p>\n<p>Banga&#8217;s past experience as a Mastercard executive, a global payment company, is a testimony to his commitment to protecting consumer information.<\/p>\n<p>&#8220;From his tenure at Mastercard, Banga knows firsthand the importance of taking concrete measures to protect the data privacy of consumers,&#8221; This official from the Treasury Department added.<\/p>\n<p>Banga is the president and CEO for Mastercard in 2020. <a class=\"Link\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-02-11\/mastercard-wins-approval-to-enter-china-s-27-trillion-market?srnd=premium\" target=\"_blank\" rel=\"noopener\">It is possible to win<\/a> China&#8217;s central bank granted approval for the access to its $27 trillion payments marketplace. This long-serving executive is also a member of the board for Singapore&#8217;s $298 Billion state investment fund, Temasek. <a class=\"Link\" href=\"https:\/\/www.temasek.com.sg\/en\/our-investments\/our-portfolio\" target=\"_blank\" rel=\"noopener\">Check out these lists<\/a> China&#8217;s exposure at 22%<\/p>\n<p>China&#8217;s potential military and economic ambitions have been under closer scrutiny by Washington.<\/p>\n<\/div>\n<p><\/p>\n<hr>\n<p>&#8220;Read More from&#8221; <a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/biden-administration-defends-world-bank-pick-tiktok\">Biden administration defends World Bank pick over TikTok business ties<\/a>&#8221;<\/p>\n<hr>\n<p><span style=\"font-size:11px\"><em>&#8220;The views and opinions expressed here are solely those of the author of the article and not necessarily shared or endorsed by Conservative News Daily&#8221;<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Biden administration supported its defense Nominated to Lead Over his tenure with the World Bank Business connections ByteDance is TikTok&#8217;s Chinese parent, and the video app is at the forefront in a push to regulate financial ties between China and the United States. General Atlantic&#8217;s vice-chairman, Major investor in ByteDance Ajay Banga was nominated &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1896919,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[4106,5373,3620,4284,4549,4926,3864,6248],"class_list":["post-1874072","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-administration","tag-bank","tag-biden","tag-business","tag-defends","tag-pick","tag-ties","tag-tiktok"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1874072","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1874072"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1874072\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1896919"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1874072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1874072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1874072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}