China Thread

BlackRock Is Using Americans’ Retirement Savings to Fund the Chinese Communist Party’s Military​


Over the past decade or so, examples abound of American corporations kowtowing to the Chinese Communist Party (CCP) so that they can do business in China and access its rapidly growing middle class consumer market. Although this is disconcerting, it pales in comparison to the actions of BlackRock and other Wall Street investment firms, which are funneling huge sums of money from Americans’ retirement funds into CCP-aligned military endeavors.


According to research gathered by the Select Committee, BlackRock has invested at least “$429 million in PRC companies that pose national security risks to and act directly against the interests of the United States.” However, as the committee’s reports indicate, the total amount of BlackRock investments in Chinese companies building advanced weapons systems, aircraft carriers, fighter jets, and other military hardware is likely much higher than the $429 million figure.

 
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BlackRock Is Using Americans’ Retirement Savings to Fund the Chinese Communist Party’s Military​


Over the past decade or so, examples abound of American corporations kowtowing to the Chinese Communist Party (CCP) so that they can do business in China and access its rapidly growing middle class consumer market. Although this is disconcerting, it pales in comparison to the actions of BlackRock and other Wall Street investment firms, which are funneling huge sums of money from Americans’ retirement funds into CCP-aligned military endeavors.


According to research gathered by the Select Committee, BlackRock has invested at least “$429 million in PRC companies that pose national security risks to and act directly against the interests of the United States.” However, as the committee’s reports indicate, the total amount of BlackRock investments in Chinese companies building advanced weapons systems, aircraft carriers, fighter jets, and other military hardware is likely much higher than the $429 million figure.


BlackRock needs to be buried.
 

 


Can't read the articles, but WTH did any company investing in China think was going to happen. The "investments" in China are losses, sunk costs, anything else you want to call it. The corporate and governmental leadership in this country is dumb as a box of rocks. They sold out our home industry for profit and greed which is of no use when you wind up paying taxes to keep the no longer employed afloat, and sold our national security. Can't wait until the squealing when China nationalizes the plants our companies built there. There's just nothing like teaching your enemy what he needs to know to defeat you ... and paying him to learn it, finance it, and build it for him. All anybody had to do was look at China's history and then just casually notice that China is still a totalitarian state - they just pretend not to be communist for the most part.
 
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The G20 has lost its influence on the world stage.


"G20 offers China that platform to outcompete the American messages," Zhang added. Instead, Premier Li Qiang will represent China at the Indian capital where other heads of state will gather, including US President Joe Biden.

This is already being anticipated as a major setback for a summit beset by unity problems and is a deeply symbolic snub given Xi's prominence at the BRICS summit in South Africa within a mere two weeks ago.
 
Biden keeps reaching out to China. When are they going to wake up to the fact they are an enemy.
 
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Pope Francis says Vatican-China Deal Involves Joint Commission to Pick Bishops​


The Vatican and the Chinese Communist Party maintain a joint commission to pick China's bishops, Pope Francis told reporters on Monday while returning to Rome from a trip to Mongolia.

The pope revealed the existence of the commission for the first time Monday, providing a window into the Holy See's dealings with the Chinese government some five years after the Vatican struck a historic deal with the Chinese government to appoint bishops in the country. The deal was seen as a major step toward the toleration of the Catholic Church in China, but it was blasted by critics who said the Vatican had capitulated to the Chinese Communist Party.

 

Congo Mining Convoy Ambush Kills Four, Including Two Chinese Nationals​


A four-vehicle mining convoy in the eastern Democratic Republic of Congo (DRC) was attacked by unknown assailants on Sunday, killing four passengers, two of whom were Chinese nationals.

 
good article

$2B for an AB with volume, whereas Japan gets a monster Aegis Destroyer, per Reckin article, for $1.2B.
 
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good article

$2B for an AB with volume, whereas Japan gets a monster Aegis Destroyer, per Reckin article, for $1.2B.

I really liked these two points in the article

“Right now, they are still building a largely 20th-century Navy,” said Bryan Clark, a former Navy budget planner who serves as a consultant to the service.

The biggest barriers to transforming the Navy include its antiquated procurement system, which takes years to build out detailed specifications for new ships and then years more to get money allocated to build them.

The Navy must also radically revamp the way it organizes its fleet, critics of the current system say, to better allow its large platform ships to operate alongside a diverse fleet of unmanned vessels to better collect information on threats and instantly launch attacks.

Commanders who are comfortable with decades-old tactics and concepts are having a hard time accepting the need for changes, several recently departed Navy officials said.

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I really liked these two points in the article



View attachment 576330
I think the inability / hesitancy to adopt new concepts and tactics is mostly departmental. Think the Marines and their tanks as an analogue.

I think the **** show that is the procurement process is mostly political. The Navy is not alone there.
 
I think the inability / hesitancy to adopt new concepts and tactics is mostly departmental. Think the Marines and their tanks as an analogue.

I think the **** show that is the procurement process is mostly political. The Navy is not alone there.
imo we only need ships as escorts to the carriers. Any offensive firepower would be from air assets, subs, and missiles. $2B for a 30 knot juicy target with limited offensive firepower other than some short range Harpoons.
 
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imo we only need ships as escorts to the carriers. Any offensive firepower would be from air assets, subs, and missiles. $2B for a 30 knot juicy target with limited offensive firepower other than some short range Harpoons.
I’m still in favor of building the new Frigate in numbers - especially if we could get them stripped down to $800-900M a pop.

But yea, it’s about “dots on the map”. We don’t need capital cruisers any more.

We need missile platforms.
Manned or unmanned, surface or sub-surface.
 
imo we only need ships as escorts to the carriers. Any offensive firepower would be from air assets, subs, and missiles. $2B for a 30 knot juicy target with limited offensive firepower other than some short range Harpoons.

I still think carriers and escorts are basically targets pretending to be weapons if they are used against an enemy with real offensive weapons. The military has been spoiled by fighting camel jocks without real teeth.
 
I still think carriers and escorts are basically targets pretending to be weapons if they are used against an enemy with real offensive weapons. The military has been spoiled by fighting camel jocks without real teeth.
Big fat targets. Anything that floats would be gone in matter of months imo.
 
I still think carriers and escorts are basically targets pretending to be weapons if they are used against an enemy with real offensive weapons. The military has been spoiled by fighting camel jocks without real teeth.
at the very least the manner in which they are used needs to be drastically reconsidered. It would be one thing to park a carrier out a couple hundred miles off any coast line in the middle of the pacific and launch sorties from there. That would allow time/space for the escorts to patrol and defend. But taking them into the straights or parking them off the coast of an enemy is definitely asking for trouble.
 
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at the very least the manner in which they are used needs to be drastically reconsidered. It would be one thing to park a carrier out a couple hundred miles off any coast line in the middle of the pacific and launch sorties from there. That would allow time/space for the escorts to patrol and defend. But taking them into the straights or parking them off the coast of an enemy is definitely asking for trouble.
Couldn't a hypersonic missile take out a carrier pretty easily regardless of how far off the coast it is? Or are they not useful for that sort of precision yet?
 
Couldn't a hypersonic missile take out a carrier pretty easily regardless of how far off the coast it is? Or are they not useful for that sort of precision yet?
I think it would be similar to what we are seeing in Russia. They are very precise, as long as there is no movement. however they are very hard to steer when they are going that fast, so they have to travel in a very straight line. Theoretically the distance would allow detection, and then you can shoot it down. the simple path they take make them easy to shoot down because you know where it will be. I guess the implication is that other missiles we shoot down do a lot more maneuvering that is more difficult to actively shoot down.
 
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