{"id":1977019,"date":"2023-07-19T05:46:02","date_gmt":"2023-07-19T09:46:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/state-pension-funds-invest-millions-in-blacklisted-chinese-companies\/"},"modified":"2023-07-19T05:54:35","modified_gmt":"2023-07-19T09:54:35","slug":"state-pension-funds-invest-millions-in-blacklisted-chinese-companies","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/state-pension-funds-invest-millions-in-blacklisted-chinese-companies\/","title":{"rendered":"State pension funds invest in blacklisted Chinese companies, worth millions."},"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\">20<\/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%2Fstate-pension-funds-invest-millions-in-blacklisted-chinese-companies%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=1977019&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--><div>\n \u2063 <\/p>\n<h2>The\u200b Dark Side of Public Employee\u200c Retirement \u2062Funds<\/h2>\n<p> \u200d <\/p>\n<h3>Investing in Chinese Companies Linked to Human Rights \u2062Abuses<\/h3>\n<p>The New York State public employee retirement fund\u200c says\u200b it promotes &#8220;human \u200brights&#8221; \u2062with\u2064 its\u2064 investments. But a \u200c<em>Washington \u200bFree\u2064 Beacon<\/em>\u2063 review \u200dfound New York\u200d and \u2064other \u200cstates invest\u2063 millions \u2064of taxpayer dollars\u200c in Chinese companies\u2063 that develop\u2063 sensitive \u200dmilitary technology and help \u200dthe\u2063 communist \u2064regime \u2062surveil \u200band imprison\u2063 Uyghur \u200cMuslims.<\/p>\n<blockquote><p>\n  \u2064  \u2062<\/p>\n<p><strong>Take \u200caction:<\/strong> <a href=\"https:\/\/handsoffmyrewards.com\/?utm_source=freebeacon&#038;utm_medium=advertising&#038;utm_campaign=2023\" target=\"_blank\" rel=\"noopener\">Sign \u2064the \u200cpetition to stop taxpayer \u2064money \u2063from\u200b funding\u200d human rights \u2062abuses<\/a><\/p>\n<p> \u2062 <\/p><\/blockquote>\n<p> \u200c <\/p>\n<p>The\u200b <a\u2062 href=\"https:\/\/www.calpers.ca.gov\/docs\/forms-publications\/annual-investment-report-fy-2022.pdf\" target=\"_blank\"\u200c rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/mailtrack.io\/trace\/link\/3a6c0d0d601e5d5f48ff7c06d3cbf25fe2a97326?url%3Dhttps%253A%252F%252Fwww.calpers.ca.gov%252Fdocs%252Fforms-publications%252Fannual-investment-report-fy-2022.pdf%26userId%3D6348687%26signature%3D93dbcc26e936407c&#038;source=gmail&#038;ust=1689777441291000&#038;usg=AOvVaw0SSwcb-e-vNrozv0Gl4IPX\">California Public Employees\u2019 Retirement System<\/a> \u200d(CalPERS), \u200bthe\u200b <a \u2063href=\"https:\/\/www.calstrs.com\/portfolio-holdings-international-equities\"\u2063 target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/mailtrack.io\/trace\/link\/f851f2872faf0c0bb395ade0cbb4cc65b656dc6e?url%3Dhttps%253A%252F%252Fwww.calstrs.com%252Fportfolio-holdings-international-equities%26userId%3D6348687%26signature%3Dd88dc943b2355b1d&#038;source=gmail&#038;ust=1689777441292000&#038;usg=AOvVaw0ne2DgWfH_K24IhGoHn4_Q\">California\u200d State \u200bTeachers\u2019\u200b Retirement System<\/a> (CalSTRS),\u2063 and\u200d the \u200b<a href=\"https:\/\/www.osc.state.ny.us\/files\/retirement\/resources\/pdf\/asset-listing-2022.pdf?ref=the-lever\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/mailtrack.io\/trace\/link\/79ef1d591f9ccc5cc0247f4efb46dfdbb02ab7be?url%3Dhttps%253A%252F%252Fwww.osc.state.ny.us%252Ffiles%252Fretirement%252Fresources%252Fpdf%252Fasset-listing-2022.pdf%253Fref%253Dthe-lever%26userId%3D6348687%26signature%3D423589c94aef80ab&#038;source=gmail&#038;ust=1689777441292000&#038;usg=AOvVaw2xb5nTn302W5LY84h3Exxd\">New York Common Retirement\u2062 Fund<\/a> \u2064are \u2063the \u200bthree largest \u200bretirement funds for \u2064millions\u2064 of\u2063 public employees, \u2062including \u200blibrarians, teachers, \u200cand\u200d firefighters. \u200dThe\u2062 funds \u200dhave publicly committed\u2063 to promoting environmental, social, and \u200cgovernance\u200b (ESG) \u200bvalues\u2062 when\u200d investing, including the protection of human rights.<\/p>\n<p> \u2062 \u200d<\/p>\n<p>The funds, \u200dhowever,\u2063 invest millions \u2062of taxpayer dollars \u200bin companies <a href=\"https:\/\/media.defense.gov\/2022\/Oct\/05\/2003091659\/-1\/-1\/0\/1260H%20COMPANIES.PDF\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/mailtrack.io\/trace\/link\/f74fbcb2b2e36fa7be7e0fc207116566f7001262?url%3Dhttps%253A%252F%252Fmedia.defense.gov%252F2022%252FOct%252F05%252F2003091659%252F-1%252F-1%252F0%252F1260H%252520COMPANIES.PDF%26userId%3D6348687%26signature%3Da6c934a47eb79e36&#038;source=gmail&#038;ust=1689777441292000&#038;usg=AOvVaw1rtgSlTUHeT7HhQlLR63Xs\">identified<\/a>\u200d by \u200bthe \u2063U.S. \u2063Department of\u200d Defense\u200c as &#8220;Communist Chinese military\u200b companies,&#8221; according to\u200d a \u2064review\u200d of asset listings. The\u200c holdings\u2064 belie\u200b commitments by \u200cthese states \u200cto promote\u200b ESG\u200b values when\u200b investing and highlight \u200da failure by\u2062 the federal government to stop \u200cU.S. taxpayer \u2064money from funding\u200d the Chinese military-industrial complex.<\/p>\n<p> \u200b\u2062 <\/p>\n<p>New \u200bYork\u2019s \u200dretirement fund,\u2063 for instance, \u200cinvests \u2062in\u2062 BGI \u2063Genomics, which in \u200c2020 <a \u2064href=\"https:\/\/www.axios.com\/2020\/06\/03\/chinese-coronavirus-test-maker-agreed-to-build-a-xinjiang-gene-bank\" target=\"_blank\"\u200d rel=\"noopener\" \u2063data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/mailtrack.io\/trace\/link\/e57303c99027256bf5caa8ca7107186b5f26d2f9?url%3Dhttps%253A%252F%252Fwww.axios.com%252F2020%252F06%252F03%252Fchinese-coronavirus-test-maker-agreed-to-build-a-xinjiang-gene-bank%26userId%3D6348687%26signature%3D6e87368d4168dd65&#038;source=gmail&#038;ust=1689777441292000&#038;usg=AOvVaw1x1Br6rOsFpLaJVO-bfjYT\">said<\/a> it would build\u200d a gene\u200d bank \u2064and a\u200c &#8220;judicial\u2064 collaboration&#8221; center in the Chinese province where \u200dUyghur Muslims were being arrested\u200b and sent \u200cto internment \u200bcamps. The projects \u200dwere \u200bpart\u2062 of \u200ba larger effort by China \u200dto\u200b &#8220;document the genetic \u2064material \u2063of\u200b ethnic minorities,&#8221; according to \u2062an \u200b<em>Axios<\/em>\u2062 report. Chinese government\u200d treatment\u2064 of \u2063Uyghurs\u200c has <a \u200dhref=\"https:\/\/apnews.com\/article\/269b3de1af34e17c1941a514f78d764c\" \u200ctarget=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/mailtrack.io\/trace\/link\/d42cc28d52beafafa3387cb44fbb67df49b6328e?url%3Dhttps%253A%252F%252Fapnews.com%252Farticle%252F269b3de1af34e17c1941a514f78d764c%26userId%3D6348687%26signature%3D304055350e754a84&#038;source=gmail&#038;ust=1689777441292000&#038;usg=AOvVaw27G3iKT7N7gUJemXrB_riM\">included<\/a> political \u200breeducation, slave labor, and\u2062 forced \u2064sterilization.\u2062 The Defense Department has \u200b<a\u2064 href=\"https:\/\/www.biocentury.com\/article\/645477\/bgi-genomics-placed-on-list-of-chinese-military-companies-operating-in-the-u-s\" \u2063target=\"_blank\"\u2062 rel=\"noopener\">identified<\/a> BGI \u2062as a &#8220;Communist Chinese military\u2063 company&#8221;\u2064 for \u2064its\u2064 role in \u2063the Uyghur \u2064genocide.<\/p>\n<p>  \u2063<\/p>\n<p>CalPERS, the largest state \u2064pension fund \u2064in \u200dthe United States, \u2064and \u2063the \u200dNew York \u200cretirement\u2062 fund invest nearly a\u2062 million dollars in \u200c360 \u200bSecurity \u200bTechnology, \u200ca <a href=\"http:\/\/www.360.cn\/about\/index.html\" target=\"_blank\"\u200d rel=\"noopener\"\u200d data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/mailtrack.io\/trace\/link\/50ece9077fd647792803a37d54cd5e3bf9122c9c?url%3Dhttp%253A%252F%252Fwww.360.cn%252Fabout%252Findex.html%26userId%3D6348687%26signature%3D5dd17dc822ad5ecc&#038;source=gmail&#038;ust=1689777441292000&#038;usg=AOvVaw1f8iVJyhryeLcvLeYwoWhD\">self-described<\/a> \u200bChinese \u200d&#8221;internet \u200bsecurity&#8221;\u200b company\u2063 that was <a\u200d href=\"https:\/\/www.reuters.com\/article\/us-usa-china-blacklist-idUSKBN22Y2QR\" \u2062target=\"_blank\" rel=\"noopener\" \u200cdata-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/mailtrack.io\/trace\/link\/a31e3756fd33a06b0522af1906a89309c205eb5f?url%3Dhttps%253A%252F%252Fwww.reuters.com%252Farticle%252Fus-usa-china-blacklist-idUSKBN22Y2QR%26userId%3D6348687%26signature%3D14e985b12704d187&#038;source=gmail&#038;ust=1689777441292000&#038;usg=AOvVaw1gyQjMKKX7u_YFPirc-2TA\">placed<\/a> on an\u200c economic blacklist in \u20632020\u2063 for\u200c its\u2063 role in &#8220;high-technology\u200c surveillance\u2062 against \u2062Uyghurs.&#8221; Both funds also \u200chold\u2062 stock in Zhejiang Dahua\u200c Technology, \u200da \u200dpartly\u2062 state-owned \u2062company\u2064 that\u2062 <a href=\"https:\/\/us.dahuasecurity.com\/about-us\/\" \u200ctarget=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/mailtrack.io\/trace\/link\/0333a0b8bb50abd3463aceae753c86005aa1b6e5?url%3Dhttps%253A%252F%252Fus.dahuasecurity.com%252Fabout-us%252F%26userId%3D6348687%26signature%3D420130b333977c9a&#038;source=gmail&#038;ust=1689777441292000&#038;usg=AOvVaw1ZRXKEz0PrM6GcOm5GQK35\">manufactures<\/a> \u2063video surveillance equipment and is \u200balso subject to\u2064 the U.S. <a href=\"https:\/\/mailtrack.io\/trace\/link\/6ae1a5a11a51579ab8c0af417f6f306d5e15cdbc?url=https%3A%2F%2Fwww.businessinsider.com%2Fblacklisted-surveillance-hikvision-dahua-huawei-security-isc-2020-3&#038;userId=6348687&#038;signature=630fb2d87b7ac622\" target=\"_blank\" \u200crel=\"noopener\"\u200c data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/mailtrack.io\/trace\/link\/6ae1a5a11a51579ab8c0af417f6f306d5e15cdbc?url%3Dhttps%253A%252F%252Fwww.businessinsider.com%252Fblacklisted-surveillance-hikvision-dahua-huawei-security-isc-2020-3%26userId%3D6348687%26signature%3D630fb2d87b7ac622&#038;source=gmail&#038;ust=1689777441292000&#038;usg=AOvVaw38zHTg003DK3BxqCaLLjpB\">blacklist<\/a> for \u200dits \u200cinvolvement\u2062 in Uyghur surveillance.<\/p>\n<p> \u200d <\/p>\n<p>A <em>Free\u2064 Beacon<\/em> review of ESG\u2063 risk \u2062scores for Chinese military companies found that\u200d they\u2063 receive high ratings\u200b from the industry, \u2062which has been rocked \u2064by accusations of \u200dpolitical bias.\u2063 The risk scores, \u200bwhich measure a company\u2019s exposure \u200dto \u200dunethical \u200bactivity, calculated by Morningstar company \u2063Sustainalytics \u200crated\u2062 <a\u200b href=\"https:\/\/www.sustainalytics.com\/esg-rating\/bgi-genomics-co-ltd\/2001241827\"\u2063 target=\"_blank\" rel=\"noopener\"\u200c data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/mailtrack.io\/trace\/link\/bb04fd39ad0361a49efe383e7737e5d46f22cc66?url%3Dhttps%253A%252F%252Fwww.sustainalytics.com%252Fesg-rating%252Fbgi-genomics-co-ltd%252F2001241827%26userId%3D6348687%26signature%3D99d773f8668cc39f&#038;source=gmail&#038;ust=1689777441292000&#038;usg=AOvVaw3Z7F1nBBG04YyjXrKzgeuN\">BGI Genomics<\/a>, <a\u2063 href=\"https:\/\/www.sustainalytics.com\/esg-rating\/360-security-technology-inc\/2005880516\"\u2064 target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/mailtrack.io\/trace\/link\/cfe9d0bbcb3d332eee773f86dd45f0fc2ad43333?url%3Dhttps%253A%252F%252Fwww.sustainalytics.com%252Fesg-rating%252F360-security-technology-inc%252F2005880516%26userId%3D6348687%26signature%3D830646079df34f4a&#038;source=gmail&#038;ust=1689777441292000&#038;usg=AOvVaw3GPsKEVBnVyS6M9cw4SX_N\">360 Security\u2062 Technology<\/a>, and <a href=\"https:\/\/www.sustainalytics.com\/esg-rating\/zhejiang-dahua-technology-co-ltd\/1049476895\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/mailtrack.io\/trace\/link\/57323cc9a754adcda07471358a19acd38621bdec?url%3Dhttps%253A%252F%252Fwww.sustainalytics.com%252Fesg-rating%252Fzhejiang-dahua-technology-co-ltd%252F1049476895%26userId%3D6348687%26signature%3D835d16a8517c5c42&#038;source=gmail&#038;ust=1689777441292000&#038;usg=AOvVaw0JXEU0lqtmiD16HFO2sgcS\">Zhejiang Dahua Technology<\/a>\u2063 more ethical than\u200b <a href=\"https:\/\/www.sustainalytics.com\/esg-rating\/tesla-inc\/1035322998\" \u2062target=\"_blank\" rel=\"noopener\" \u2064data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/mailtrack.io\/trace\/link\/15db6cf7bee1f081d5fd94e3e923fb97b2c1b022?url%3Dhttps%253A%252F%252Fwww.sustainalytics.com%252Fesg-rating%252Ftesla-inc%252F1035322998%26userId%3D6348687%26signature%3D6b35e4db62206906&#038;source=gmail&#038;ust=1689777441292000&#038;usg=AOvVaw19KsjDH17XrNms5A-UR2lE\">Tesla<\/a>.<\/p>\n<p>\u2064  \u200c<\/p>\n<p>New York\u2064 and California hold \u2064millions \u2064in \u2064these\u2062 companies\u2019\u2064 stock\u200d as they tout \u2063their\u200d commitments to\u2063 ethical\u200b investing. \u200dA 2020 &#8220;<a \u200chref=\"https:\/\/www.osc.state.ny.us\/files\/common-retirement-fund\/2020\/pdf\/ESG-strategy-report-2020.pdf\" \u2064target=\"_blank\" \u2063rel=\"noopener\">ESG Strategy<\/a>&#8220;\u2063 document from \u2062the \u2063New \u200dYork \u200bcomptroller\u2019s \u200coffice \u2062pledges\u200d to consider &#8220;human\u200d rights,&#8221;\u2063 &#8220;supply \u2064chain\u2063 labor \u200dstandards,&#8221; \u2062and \u2062&#8221;privacy\u2063 and\u200c data \u200dsecurity&#8221;\u2064 when investing.\u2062 The fund <a href=\"https:\/\/www.osc.state.ny.us\/files\/reports\/special-topics\/pdf\/2021-corporate-governance-stewardship-report.pdf\" target=\"_blank\"\u2062 rel=\"noopener\">also\u2063 pledges<\/a> to tackle \u2063&#8221;climate change\u2063 risks,&#8221;\u2062 &#8220;labor rights,&#8221; &#8220;disability \u200binclusion,&#8221;\u2062 and \u200b&#8221;factory safety\u2062 in Bangladesh.&#8221; The \u2062California funds\u2062 make\u200d similar \u2062promises. A 2019 \u200dCalPERS &#8220;<a\u2064 href=\"https:\/\/www.calpers.ca.gov\/docs\/forms-publications\/governance-and-sustainability-principles.pdf\" \u200btarget=\"_blank\" rel=\"noopener\">Government &#038; \u2063Sustainability<\/a>&#8220;\u2064 document vows\u2064 to make\u2064 investments\u2062 aimed at the &#8220;elimination\u200b of human rights\u2062 violations\u2062 in all countries&#8221; and the \u2062&#8221;development of basic democratic institutions and\u2063 principles.&#8221;<\/p>\n<p> \u200b <\/p>\n<p>The state\u2062 pension\u200d funds \u2063also \u200cinvest millions in \u200dcompanies blacklisted \u2064for attempting \u2062to \u2062steal U.S. military technology. \u200cCalPERS and the New York retirement fund\u2063 both invest in multiple \u2063subsidiaries owned by the Aviation Industry \u200bCorporation \u200bof \u200cChina.\u200c AVIC, \u200ba state-owned \u200baerospace\u200b and\u2064 defense \u200bconglomerate, has been on the \u2063Defense \u200bDepartment\u2019s \u200clist \u2064of &#8220;Communist Chinese\u2062 military companies&#8221; since \u2062June\u200b 2021.<\/p>\n<p>Last month,\u2063 the \u200dU.S. blacklisted an \u2062AVIC subsidiary\u2063 for \u200c&#8221;attempting \u200cto \u200dacquire US-origin\u200c items\u2062 in support \u2064of China\u2019s\u200c military modernization,&#8221; \u200daccording to a Commerce Department <a href=\"https:\/\/mailtrack.io\/trace\/link\/91155945ffe9ed781778e54d18833c1a5af0265f?url=https%3A%2F%2Fwww.bis.doc.gov%2Findex.php%2Fdocuments%2Fabout-bis%2Fnewsroom%2Fpress-releases%2F3287-rainbow-trout-rule-press-release%2Ffile&#038;userId=6348687&#038;signature=6da433e6b669fcb8\" target=\"_blank\" rel=\"noopener\"\u2063 data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/mailtrack.io\/trace\/link\/91155945ffe9ed781778e54d18833c1a5af0265f?url%3Dhttps%253A%252F%252Fwww.bis.doc.gov%252Findex.php%252Fdocuments%252Fabout-bis%252Fnewsroom%252Fpress-releases%252F3287-rainbow-trout-rule-press-release%252Ffile%26userId%3D6348687%26signature%3D6da433e6b669fcb8&#038;source=gmail&#038;ust=1689777441292000&#038;usg=AOvVaw2zqQfVjXg7Q0ieXwmuDL2m\">press release<\/a>. The \u200cAVIC 612\u200d Institute\u200c was \u200damong \u200bentities \u2063with &#8220;demonstrable\u200b ties \u200dto activities\u200b of\u2063 concern, including \u2063hypersonic weapons development&#8221; and the &#8220;design and manufacture \u200cof air-to-air missiles,&#8221; \u200dthe statement said.<\/p>\n<p> \u2062 <\/p>\n<p>&#8220;Decades of unmitigated engagement between the United States \u200dand\u2062 China \u200dhave intertwined\u200b Americans&#8217; \u2063personal\u2064 finances with PLA-affiliated companies,&#8221; \u200dMichael Sobolik, \u2064a \u2062senior fellow in Indo-Pacific \u2063Studies\u200b at \u2062the American Foreign \u2063Policy Council, told the \u2064<em>Free Beacon<\/em>. &#8220;Multiple state-managed\u200c retirement \u2063accounts \u200dinvest in \u2062companies directly\u2063 and indirectly linked to China&#8217;s military. \u200bIn effect, Americans\u2063 are underwriting the defense and technological buildup of the Chinese Communist Party and the\u200d People&#8217;s\u2064 Liberation\u200c Army. \u2063Policymakers have no\u200b excuse for allowing this \u2063reality\u2062 to \u2063continue.&#8221;<\/p>\n<p> \u200c <\/p>\n<p>Both \u2064California \u200cfunds \u200balso invest in\u2062 the holdings\u2062 firm for\u200c the China \u200dState Shipbuilding\u200c Corporation,\u2064 which\u200c <a \u2063href=\"https:\/\/www.aljazeera.com\/news\/2022\/5\/17\/foreign-orders-boost-china-shipbuilding-firm-linked-to-military\" target=\"_blank\" rel=\"noopener\"\u2062 data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/mailtrack.io\/trace\/link\/326e0fc17591d95efe1ec5b1adaccdfb94e321d2?url%3Dhttps%253A%252F%252Fwww.aljazeera.com%252Fnews%252F2022%252F5%252F17%252Fforeign-orders-boost-china-shipbuilding-firm-linked-to-military%26userId%3D6348687%26signature%3D2e8dd9b3147ce6eb&#038;source=gmail&#038;ust=1689777441292000&#038;usg=AOvVaw226ahiS4BbZHpbEH6gZUaw\">produces<\/a> warships for the \u2063Chinese\u2063 Navy and\u200d controls\u2063 more \u2064than a\u2064 fifth of \u200cthe global commercial\u200d shipbuilding market. \u2064The country\u2062 became the\u200d world\u200b shipbuilding leader when it <a href=\"https:\/\/www.iiss.org\/online-analysis\/\/military-balance\/2020\/09\/china-shipbuilding-merger\"\u2064 target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/mailtrack.io\/trace\/link\/6a8eb05c2882dfb2f6d652b8f4e3fd3d5f3395fd?url%3Dhttps%253A%252F%252Fwww.iiss.org%252Fonline-analysis%252F%252Fmilitary-balance%252F2020%252F09%252Fchina-shipbuilding-merger%26userId%3D6348687%26signature%3D646db4405f4e18f1&#038;source=gmail&#038;ust=1689777441292000&#038;usg=AOvVaw1yl731-jQaafzYe53p0uGu\">combined<\/a>\u2062 its\u2063 commercial\u200d and\u2063 military\u2063 shipyards.<\/p>\n<p>\u2063 \u2062 <\/p>\n<p>This merger represents a broader\u200d strategy the government has \u2062adopted in \u2062recent years. China\u200c has\u200d recently adopted a strategy of &#8220;<a href=\"https:\/\/www.state.gov\/wp-content\/uploads\/2020\/05\/What-is-MCF-One-Pager.pdf\" target=\"_blank\" rel=\"noopener\" \u200bdata-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/mailtrack.io\/trace\/link\/cb9e43237986e36ac3b40dc1d177104e9e0f39f1?url%3Dhttps%253A%252F%252Fwww.state.gov%252Fwp-content%252Fuploads%252F2020%252F05%252FWhat-is-MCF-One-Pager.pdf%26userId%3D6348687%26signature%3D3248961594250f2e&#038;source=gmail&#038;ust=1689777441293000&#038;usg=AOvVaw2PvbgOm93TUtrbuXNcX88g\">military-civil fusion<\/a>&#8221; that integrates \u200cthe country\u2019s public and private\u2062 sector\u2062 resources. \u2062This\u200b move aims to\u2063 accelerate \u2062production and innovation and \u2064give\u2064 the government and \u200bmilitary easier\u200c access to \u200cnew \u200ctechnologies. From surveillance \u200btechnologies\u2062 to aircraft \u2063engines, the country\u2019s private companies have become \u2063more \u2064deeply \u2063intertwined with the \u2064Chinese\u200b military. This development has\u2062 made \u200dAmerican companies \u200cmore \u2063liable \u200dto \u2063indirectly\u200c support \u2063the\u2064 military\u2019s \u2064efforts \u2062by \u200cworking with or investing in\u200b Chinese companies.<\/p>\n<p> \u2064\u2064 <\/p>\n<p>Beyond \u2064complicity \u200din genocide and support of the Chinese\u200b military, U.S. \u2063tax dollars\u2062 go to \u2062companies working to strengthen \u2063ties between\u200b China and\u2063 allies like Iran.<\/p>\n<p>All three funds\u200b invest nearly $30 million \u200din \u200cChina\u2064 Railway Group, \u200cwhich has \u200bcome \u2063under scrutiny from \u2064<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/backlash-from-inside-ben-jerrys-franchisees-losing-money-want-israel-boycott-gone\/\" title=\"Backlash From Inside Ben &#038; Jerry\u2019s: Franchisees Losing Money, Want Israel Boycott Gone\">state pension funds<\/a>\u2062 before\u200d for \u2064ties \u2063to \u200bIran. In 2016, \u2064the company signed \u2063a $2 billion contract with \u2064Iran to build\u2063 a \u200dhigh-speed \u200drail line\u200c that <em>National Geographic<\/em> <a \u200bhref=\"https:\/\/mailtrack.io\/trace\/link\/fbc4acb9e94f23c4c674e9266eef911ced0c7253?url=https%3A%2F%2Fwww.nationalgeographic.com%2Ftravel%2Farticle%2Fone-of-the-most-scenic-railways-in-the-world-spans-iran&#038;userId=6348687&#038;signature=75b2f2a554405f57\"\u2063 target=\"_blank\" rel=\"noopener\" \u2062data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/mailtrack.io\/trace\/link\/fbc4acb9e94f23c4c674e9266eef911ced0c7253?url%3Dhttps%253A%252F%252Fwww.nationalgeographic.com%252Ftravel%252Farticle%252Fone-of-the-most-scenic-railways-in-the-world-spans-iran%26userId%3D6348687%26signature%3D75b2f2a554405f57&#038;source=gmail&#038;ust=1689777441293000&#038;usg=AOvVaw3mETCmotSrJIn49uDs6HzX\">reported<\/a> would \u200dgive the\u200c state \u2063&#8221;military \u2063access\u2064 to hard-to-control \u2064parts of \u200dthe\u200c country.&#8221; The same year, CalSTRS <a href=\"https:\/\/www.unitedagainstnucleariran.com\/company\/china-railway-group-limited\" target=\"_blank\" rel=\"noopener\"\u200c data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/mailtrack.io\/trace\/link\/cf4927bdb3faaab167bd0ec51991ca2797e96629?url%3Dhttps%253A%252F%252Fwww.unitedagainstnucleariran.com%252Fcompany%252Fchina-railway-group-limited%26userId%3D6348687%26signature%3Dfc0dff46572aec98&#038;source=gmail&#038;ust=1689777441292000&#038;usg=AOvVaw0XB5KUNWhsX_fW7LVTPfFf\">announced<\/a> its\u200b stock holding\u200d of the\u2064 company\u2062 was \u2063&#8221;under \u200dreview&#8221; \u2063and reportedly\u200c <a\u2062 href=\"https:\/\/mailtrack.io\/trace\/link\/4e4cbe24d5493e41ea2cade0c8dda4fac84ad869?url=https%3A%2F%2Fwww.unitedagainstnucleariran.com%2Fcompany%2Fchina-railway-group-limited&#038;userId=6348687&#038;signature=1d0effa79643dad6\"\u2064 target=\"_blank\" rel=\"noopener\"\u2063 data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/mailtrack.io\/trace\/link\/4e4cbe24d5493e41ea2cade0c8dda4fac84ad869?url%3Dhttps%253A%252F%252Fwww.unitedagainstnucleariran.com%252Fcompany%252Fchina-railway-group-limited%26userId%3D6348687%26signature%3D1d0effa79643dad6&#038;source=gmail&#038;ust=1689777441293000&#038;usg=AOvVaw0BBh5dk_JfHg1d2e138zwN\">dumped<\/a> \u200dit in \u200c2020. But a <em>Free Beacon<\/em>\u200d review found CalSTRS \u200cquietly returned \u200bChina Railway Group \u2064to its \u200cportfolio\u2062 sometime \u200cbefore July \u200c2022.<\/p>\n<p> \u200b \u2062<\/p>\n<p>The\u200d two countries \u2063announced a \u200c25-year cooperation deal last\u200d year. \u200bChina\u2062 has pledged\u200c to \u2064invest $400 \u200dbillion\u2062 in Iran \u2062in\u200c exchange for continuous\u200d access to Iran\u2019s \u2062oil\u2062 supply. It\u2019s \u200dthe latest \u200cinvestment abroad \u2064by China\u200b in \u2063a \u2062bid \u2062to \u200badvance its global \u2062influence.\u200b The \u2062communist regime\u2019s broader\u2064 strategy,\u2064 labeled the &#8220;<a \u2064href=\"https:\/\/www.cfr.org\/backgrounder\/chinas-massive-belt-and-road-initiative\" target=\"_blank\" \u2063rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/mailtrack.io\/trace\/link\/69ecab38fbb7f7f8fc938692445c1bf4681ad9f3?url%3Dhttps%253A%252F%252Fwww.cfr.org%252Fbackgrounder%252Fchinas-massive-belt-and-road-initiative%26userId%3D6348687%26signature%3D3897f47c742cc611&#038;source=gmail&#038;ust=1689777441293000&#038;usg=AOvVaw3cdWKh44MVCn4lOtX-m02c\">Belt \u200dand Road Initiative<\/a>,&#8221;\u200b has pledged \u2064trillions in \u200cnew\u200d infrastructure to countries in \u2064Africa, \u200cSouth America,\u2064 and the \u2062Middle \u200bEast.<\/p>\n<p> \u2062 <\/p>\n<p>New York\u2019s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/desantis-warns-ben-jerrys-unilever-youve-got-90-days-to-reverse-israel-boycott\/\" title=\"DeSantis Warns Ben &#038; Jerry\u2019s, Unilever: You\u2019ve Got 90 Days To Reverse Israel Boycott\">state pension fund<\/a> last\u200c year <a \u2062href=\"https:\/\/www.pionline.com\/esg\/new-york-state-common-divest-238-million-oil-and-gas-companies\"\u200c target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/mailtrack.io\/trace\/link\/f600e9d8b8cda3657c4c8e686538606a2921ce66?url%3Dhttps%253A%252F%252Fwww.pionline.com%252Fesg%252Fnew-york-state-common-divest-238-million-oil-and-gas-companies%26userId%3D6348687%26signature%3D156686eee3d11dca&#038;source=gmail&#038;ust=1689777441293000&#038;usg=AOvVaw3n6u0OvoGWDrF5RSFAei1C\">divested<\/a> $238 million from\u2063 21 fossil-fuel companies \u2063that \u2062state comptroller\u200c Thomas \u200dDiNapoli\u2019s office said\u2063 &#8220;failed to show viable transition\u2063 strategies.&#8221; In March,\u2062 the fund <a \u2063href=\"https:\/\/mailtrack.io\/trace\/link\/6d5e4acfdcc1f38877abb08cc2fb1f966ec95d45?url=https%3A%2F%2Fwww.osc.state.ny.us%2Fpress%2Freleases%2F2023%2F03%2Fdinapoli-nys-pension-fund-commits-13-billion-sustainable-investment-program&#038;userId=6348687&#038;signature=50eef284c988b9dc\"\u2063 target=\"_blank\" \u2062rel=\"noopener\" \u2063data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/mailtrack.io\/trace\/link\/6d5e4acfdcc1f38877abb08cc2fb1f966ec95d45?url%3Dhttps%253A%252F%252Fwww.osc.state.ny.us%252Fpress%252Freleases%252F2023%252F03%252Fdinapoli-nys-pension-fund-commits-13-billion-sustainable-investment-program%26userId%3D6348687%26signature%3D50eef284c988b9dc&#038;source=gmail&#038;ust=1689777441293000&#038;usg=AOvVaw0bKiD0fNsr6UXWxk95WbE9\">announced<\/a>\u200b a\u2064 $1.3 billion \u200c&#8221;sustainable investment program&#8221; \u2064to \u200d&#8221;capitalize \u200bon climate \u2063solution\u200d opportunities.&#8221; In\u2064 2018, DiNapoli \u200bsent McDonald\u2019s a <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-09-21\/mcdonald-s-gets-a-warning-from-new-york-s-pension-fund-over-chickens#xj4y7vzkg\" target=\"_blank\"\u2064 rel=\"noopener\">letter<\/a> &#8220;in his capacity as trustee of \u2062the $209.2 \u200dbillion New York\u2062 State Common Retirement Fund,&#8221; according \u2062to\u2063 <em>Bloomberg<\/em>,\u200d chiding\u2063 the \u200bfast-food\u200d chain for its treatment\u2062 of \u2062chickens.<\/p>\n<p>  \u200c<\/p>\n<p>Neither the \u2062comptroller \u2062nor \u2062any other \u2064spokesperson for \u2063the fund has <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/republicans-pressure-biden-to-bring-home-former-marine-imprisoned-by-russia\/\" title=\"Republicans Pressure Biden To Bring Home Former Marine Imprisoned By Russia\">made public statements<\/a> or investment \u2062changes surrounding BGI Genomics, \u2062360 Security Technology,\u200c or Zhejiang Dahua Technology, despite\u200d their \u200bblacklisted status. \u200bThe\u2064 New York comptroller&#8217;s\u200c office and CalPERS declined \u2063to\u2063 comment.\u200b CalSTRS did \u2063not respond \u2064to a \u2063request for comment.<\/p>\n<blockquote><p>\n \u200b   <\/p>\n<p><strong>Take\u2063 action:<\/strong>\u200c <a href=\"https:\/\/handsoffmyrewards.com\/?utm_source=freebeacon&#038;utm_medium=advertising&#038;utm_campaign=2023\" target=\"_blank\"\u200d rel=\"noopener\">Sign\u2063 the\u200c petition to stop\u200d taxpayer \u200dmoney from funding\u200c human\u2064 rights abuses<\/a><\/p>\n<p>\u2062 \u200d <\/p><\/blockquote>\n<p>  \u2062<\/p>\n<p>California last year \u2062<a href=\"https:\/\/sanquentinnews.com\/california-teachers-retirement-fund-to-divest-from-private-prisons\/\" target=\"_blank\"\u200c rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/mailtrack.io\/trace\/link\/e0cce366050f1cf10ffc6d24537405296a0e6ad3?url%3Dhttps%253A%252F%252Fsanquentinnews.com%252Fcalifornia-teachers-retirement-fund-to-divest-from-private-prisons%252F%26userId%3D6348687%26signature%3Df225f66f21a88a8c&#038;source=gmail&#038;ust=1689777441293000&#038;usg=AOvVaw16QpZTcrdzEi1d45liC01L\">divested<\/a> \u2062from \u2063two \u200cprivate \u200dprisons in\u200b the\u200c United\u2064 States, citing its &#8220;environmental,\u2064 social,\u200c and\u200d governance&#8221; \u2062policy that pledged \u200dto \u200brespect \u200bhuman \u2063rights.<\/p>\n<p> \u2062 <\/p>\n<p>This\u2064 comes as \u2063U.S. officials soften their\u200d rhetoric \u200dtoward China and\u2064 retreat\u2063 from the term \u200b&#8221;decoupling,&#8221; as Treasury\u200c Secretary\u200d Janet Yellen did during her visit to \u2064China \u2062last week.\u2063 Instead, Yellen \u2062said the United \u2064States\u200b should focus on less \u200dsweeping policy moves such \u2064as\u2064 &#8220;diversifying\u2064 critical\u200c supply chains or \u200d<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/state-pension-funds-invest-millions-in-blacklisted-chinese-companies\/\" title=\"State pension funds invest in blacklisted Chinese companies, worth millions.\">taking targeted national security actions<\/a>.&#8221;<\/p>\n<p>\u2062  \u2063<\/p>\n<blockquote><p>\n  \u2063  \u2062<\/p>\n<p><strong>Take \u200baction:<\/strong> \u2062<a \u200dhref=\"https:\/\/handsoffmyrewards.com\/?utm_source=freebeacon&#038;utm_medium=advertising&#038;utm_campaign=2023\" target=\"_blank\" rel=\"noopener\">Sign \u2062the\u2062 petition to \u200cstop taxpayer \u2063money from funding human rights \u2062abuses<\/a><\/p>\n<p>\u2064 \u200c <\/p><\/blockquote>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Retirement System claims to prioritize &#8220;human rights&#8221; in its investments. However, an analysis by the Washington Free Beacon reveals that New York and other states invest taxpayer funds in Chinese firms aiding the communist regime&#8217;s surveillance and imprisonment of Uyghur Muslims, alongside developing sensitive military technology. California&#8217;s Public Employees&#8217; Retirement System is also implicated.<\/p>\n","protected":false},"author":2083,"featured_media":1977020,"comment_status":"open","ping_status":"closed","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":[544],"tags":[],"class_list":["post-1977019","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-free-beacon"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1977019","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\/2083"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1977019"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1977019\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1977020"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1977019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1977019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1977019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}