Romney's Bain Advisers Aided China, Russia Growth

Posted Wednesday, October 10, 2012 --- 10:27 a.m.

WASHINGTON (AP) -- When Mitt Romney headed Bain & Co. in the early 1990s, he presided over the corporate strategy firm's expanding operations into China and Russia, helping their initial attempts to move into the world's free market system.

In his presidential campaign, Romney has made China and Russia prime targets for foreign policy criticism.

He says China is an unfair economic competitor and should be charged with currency manipulation. He calls Russia "our No. 1 geopolitical foe."

In 1993, under Romney's oversight, Bain consultants conducted management seminars for Chinese officials, according to documents, interviews and media accounts.

Bain consultants also advised Russian government officials, according to State Department files.

The Romney campaign says he left Bain in 1992.

Copyright 2012. The Associated Press.

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