{"id":1686848,"date":"2022-10-12T14:20:29","date_gmt":"2022-10-12T18:20:29","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1686848"},"modified":"2022-10-12T14:20:58","modified_gmt":"2022-10-12T18:20:58","slug":"blackrock-refers-to-potential-chinese-military-invasion-of-taiwan-as-reunification","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/blackrock-refers-to-potential-chinese-military-invasion-of-taiwan-as-reunification\/","title":{"rendered":"BlackRock Refers To Potential Chinese Military Invasion Of Taiwan As \u2018Reunification\u2019"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fblackrock-refers-to-potential-chinese-military-invasion-of-taiwan-as-reunification%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1686848&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><a href=\"http:\/\/dailywire.com\/topic\/blackrock\" target=\"_blank\" rel=\"noopener\">BlackRock<\/a> referred to a potential military invasion of <a href=\"http:\/\/dailywire.com\/topic\/taiwan\" target=\"_blank\" rel=\"noopener\">Taiwan<\/a> as \u201creunification,\u201d a phrase that aligns with the official policy of the <a href=\"http:\/\/dailywire.com\/topic\/china\" target=\"_blank\" rel=\"noopener\">Chinese<\/a> government.<\/p>\n<p>Former Secretary of State <a href=\"https:\/\/www.dailywire.com\/topic\/mike-pompeo\" target=\"_blank\" rel=\"noopener\">Mike Pompeo<\/a> and Strive Asset Management Executive Chairman <a href=\"http:\/\/dailywire.com\/topic\/vivek-ramaswamy\" target=\"_blank\" rel=\"noopener\">Vivek Ramaswamy<\/a> argued in a Monday <a href=\"https:\/\/www.wsj.com\/articles\/investing-silicon-semiconductors-chips-taiwan-invasion-tsmc-china-intel-blackrock-asset-manager-11665408814\" target=\"_blank\" rel=\"noopener\">opinion piece<\/a> for The Wall Street Journal that BlackRock \u201craves about the importance of Chinese investments with little mention of Taiwan\u201d and associated risk factors. While responding to the article on social media, BlackRock claimed that the firm has \u201chighlighted for the past year the investment risk should China take steps to accelerate reunification with Taiwan.\u201d<\/p>\n<p>Ramaswamy argued that BlackRock\u2019s choice of words reveals how the asset management company is \u201cbeholden\u201d to the Chinese Communist Party even when \u201cthey\u2019re trying to argue that they\u2019re not.\u201d<\/p>\n<p>\u201cThey refer to China\u2019s potential military invasion of Taiwan, a sovereign democratic nation, as \u2018reunification.\u2019 \u2018Reunification\u2019 is a phrase you use to describe a lost child who has been returned to his parents in a shopping mall, not a military invasion of a sovereign nation,\u201d the entrepreneur said. \u201cBlackRock can\u2019t even utter the word \u2018invasion\u2019 in the very tweets where it\u2019s claiming it is not beholden to China.\u201d<\/p>\n<p>The Daily Wire contacted BlackRock to determine the company\u2019s official policy toward the independence of Taiwan but received no response.<\/p>\n<p>As Ramaswamy and Pompeo observed in the article, BlackRock became the first foreign company to secure preliminary approval to offer mutual funds in China two years ago. During the summer of 2021, BlackRock told investors to triple their Chinese investments after a selloff in the country\u2019s stock market.<\/p>\n<p>In recent months, however, China has assumed an increasingly aggressive posture toward Taiwan. The Chinese military <a href=\"https:\/\/www.dailywire.com\/news\/china-lashes-out-as-u-s-and-taiwan-forge-trade-agreement\" target=\"_blank\" rel=\"noopener\">announced<\/a> that it sent a \u201creadiness patrol\u201d around Taiwanese sea and airspace this summer in response to trade talks with the U.S. In February of this year, as Russia launched an invasion of Ukraine, China sent <a href=\"https:\/\/www.dailywire.com\/news\/taiwan-scrambles-air-force-after-chinese-aircraft-spotted-nearby\" target=\"_blank\" rel=\"noopener\">squadrons of jets<\/a> into Taiwan\u2019s airspace following a similar incursion one month earlier.<\/p>\n<p>An invasion of Taiwan would prove especially dangerous to American companies\u2019 ability to access semiconductors. In particular, manufacturer TSMC produces 90% of the world\u2019s most advanced computer chips, meaning that an attack upon the island nation could cause a global economic crisis. The article therefore encourages American firms to invest in domestic semiconductor production and said that asset managers like BlackRock are failing to address known risk factors that could harm their clients.<\/p>\n<p>The economies of China and the United States are deeply intertwined. American goods and services trade with China surpassed $615 billion as of 2020, according to <a href=\"https:\/\/ustr.gov\/countries-regions\/china-mongolia-taiwan\/peoples-republic-china\">data<\/a> from the Office of the United States Trade Representative, while foreign direct investment in China was nearly $124 billion.<\/p>\n<p>Beyond the present geopolitical risks associated with an invasion of Taiwan, multiple key Asian manufacturing economies enforced harsh lockdowns two years ago, creating bottlenecks in the global semiconductor supply chain that persist to the present day. President Joe Biden recently <a href=\"https:\/\/www.dailywire.com\/news\/biden-signs-52-billion-semiconductor-bill-in-latest-push-to-fight-inflation\" target=\"_blank\" rel=\"noopener\">signed<\/a> the CHIPS and Science Act, which includes $39 billion in computer chip manufacturing incentives, $13.2 billion for research and development, and a 25% investment tax credit for semiconductor production.<\/p>\n<p>\u201cOne-third of the core inflation last year was due to the higher price\u2026 for automobiles and a shortage of semiconductors,\u201d Biden said two months ago. \u201cFolks, we need to make these chips here in America to bring down everyday costs and create jobs.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BlackRock referred to a potential military invasion of Taiwan as \u201creunification,\u201d a phrase that aligns with the official policy of the Chinese government. Former Secretary of State Mike Pompeo and Strive Asset Management Executive Chairman Vivek Ramaswamy argued in a Monday opinion piece for The Wall Street Journal that BlackRock \u201craves about the importance of &#8230;<\/p>\n","protected":false},"author":1,"featured_media":1890199,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1686848","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_finder_url":"https:\/\/www.dailywire.com\/news\/blackrock-refers-to-potential-chinese-military-invasion-of-taiwan-as-reunification","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1686848","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1686848"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1686848\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1890199"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1686848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1686848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1686848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}