Americans At Risk Of Losing Pension Funds Investing In Communist China

It reported on March 10 that Gregory Copley, president of the International Strategic Studies Association, ISSA, warned the United States may struggle to recover the pension funds invested in Communist China as the CCP regime attempts to undermine the economic foundation of the United States.

In a media interview, Copley said there is currently a global illusion that the economy of the CCP is on a soft landing. However, the fact is exactly the opposite. The real economy of the CCP is in a severely weakened position, real estate prices are strictly limited, and consumer demand is in a slump. Copley believes that Xi Jinping has realized it is difficult to exceed the West economically and strategically. Therefore, the CCP must resort to undermining the economic, political, and strategic foundations of the US and Western democracies in other ways. When this unconventional confrontation reaches a certain level, it is bound to trigger events with global impact, for instance, access to pension funds investing in Communist China becomes restricted and unable for extraction.

According to Forbes, BlackRock, the world’s largest investment manager, is the first foreign company to receive a license to operate in Communist China with a $3.5 trillion mutual fund industry. At the same time, many state governments in the US invested their pension funds in BlackRock. According to a 2021 report by the consumer research firm that Washington, Florida, and New York are the top three investors, with $13.8 billion,$10.7 billion, and $9.8 billion respectively.

Picture of Aussie Brief News
Aussie Brief News

Go to First Page and Get the Latest News.

Translator: NFSC News
Design&editor: Fusu

Leave a Reply

Your email address will not be published. Required fields are marked *