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.
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BlackRock in China: Nuclear buildup underwritten in part by leading Wall Street firm, report saysBlackRock, a major Wall Street firm, is investing millions of dollars in an estimated 30 Chinese military-linked companies currently sanctioned by the U.S. government, according to a think tank report prepared for Congress.
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Wall Street IG Client Sentiment: Our data shows traders are now net-long Wall Street for the first time since Nov 02, 2023 when Wall Street traded near 33,825.70.Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Wall Street-bearish contrarian trading bias.
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It's been a great run for Wall Street, but Main Street is feeling left outSmall business owners across the country say a 2024 economy and stock market that have been chugging along have left them behind.
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Chinese ambassador promises 'friendship' as 2 Chinese warships dock in CambodiaTwo Chinese warships have docked at a commercial port in Cambodia, in preparation for joint naval exercises between the two countries
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Chinese ambassador promises 'friendship' and 'cooperation' as 2 Chinese warships dock in CambodiaTwo Chinese warships have docked at a commercial port in Cambodia, in preparation for joint naval exercises between the two countries. The Jingangshan amphibious warfare ship and Qijiguang training ship sailed in to the Sihanoukville Port on Sunday as onlookers waved Cambodian and Chinese flags from the piers.
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Chinese ambassador promises 'friendship' and 'cooperation' as 2 Chinese warships dock in CambodiaTwo Chinese warships have docked at a commercial port in Cambodia, in preparation for joint naval exercises between the two countries
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