Posted by on September 9, 2021 4:01 am
Categories: News

BlackRock Addresses George Soros’ Criticism of Firm’s China Investments

The world’s largest asset manager, BlackRock, on Wednesday responded to sharp criticism by billionaire investor George Soros, who took issue with the firm’s recent investments in China. In a rare Wall Street Journal editorial published on Monday, Soros warned that pouring money into China amounted to aiding a repressive regime engaged “time of a life and death conflict” with the democratic values upheld by the United States. “Pouring billions of dollars into China now is a tragic mistake. It is likely to lose money for BlackRock’s clients and, more important, will damage the national security interests of the U.S. and other democracies,” Soros wrote. “The BlackRock initiative imperils the national security interests of the U.S. and other democracies because the money invested in China will help prop up President Xi’s regime, which is repressive at home and aggressive abroad.” BlackRock responded to the critique in a statement provided to CNBC. …

Originally appeared on The Epoch Times

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