BlackRock investments in China: Consumers' Research warning consumers, governments

Consumers' Research sent a letter to the governors of 10 states

Consumers' Research, an educational nonprofit that shares consumer information, on Thursday morning sent a letter to 10 governors warning them of the investment management company BlackRock's ties to China.

Consumers' Research executive director Will Hild sent the letter to the governors of Washington, Florida, New York, Nevada, South Carolina, Oklahoma, Pennsylvania, Montana, Nebraska and West Virginia – the 10 states with the top 10 state pension fund investments with BlackRock – to "raise awareness among American consumers that BlackRock is taking their money and betting on China."

"BlackRock’s funneling of billions in U.S. capital to China carries with it risks not present in other markets, risks that threaten the large wagers the company is putting on steep returns from the Middle Kingdom," Hild wrote. …

https://www.foxbusiness.com/politics/blackrock-china-consumers-research-warning