Wall Street, Led by BlackRock, Is Funding Blacklisted Chinese Companies

  • 📰 Newsweek
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 52%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

BlackRock invests in about 30 subsidiaries of Chinese defense contractors that have been banned since 2022 by the Treasury Department.

For the last several years, the annual threat assessment report by the Director of National Intelligence has listed China as our scariest rival. They don't use the word 'scary,' but the takeaway is that no one can outcompete the U.S. on every level—economic, financial, soft power, and maybe even militarily —like China. On coveted green technologies like solar, wind and EV batteries, they have us beat in spades and everyone knows it.

On May 1, the Coalition for a Prosperous America, where I work as an analyst, released a report called 'Case Study for Congress: BlackRock & MSCI: How Wall Street's Offshore Companies Fund the CCP & PLA'. The report shows how BlackRock and MSCI, an index provider, enable U.S. investors to easily invest in non-restricted Chinese military companies and companies sanctioned by the government. In addition, BlackRock funds domiciled outside the U.S.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 468. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines