Federal retirement plan allows investment in sanctioned Chinese companies

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A month-long Newsweek investigation finds that federal employees are investing in many Chinese companies sanctioned for threatening US nationalsecurity or profiting from forcedlabor. ✍️ dktatlow & valeriereports. Uygher China 🔗

Still more companies are on lists to stop them from gaining dual-use or outright military technologies, or for engaging in mass surveillance for the Chinese Communist Party worldwide, including by developing and deploying technology that can identify a person's ethnicity.

Sanctions lists have proliferated over the past five years as Congress has responded to the growing challenge seen from China by giving executive branch agencies new tools to target everything from China's so-called"military-civil fusion" economy to individual Chinese officials and entities involved in Uyghur forced labor.

A pedestrian walks past a screen showing an image of Chinese President Xi Jinping on June 4, 2019, in Kashgar in China's western Xinjiang region, which is home to the Uyghur people and other ethnic minorities. The Chinese region is straitjacketed by surveillance and mass detentions.former Secretary of the Navy, it is not good enough for FRTIB to say that participants in the mutual fund window are doing so of their own volition.

"Furthermore, because all Americans, including TSP participants, could already invest in MFW-offered funds through brokerage accounts and in other investment settings, allowing such investment through the MFW does not introduce additional risk," he added."Accordingly, the FRTIB will not reconsider, reverse or amend the TSP's MFW."Many of the world's solar panels and the silicon and polysilicon used to make them are produced in Xinjiang.

 

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