[justicezyx]

Wait a second...

How is Evergrande's foreign debt default translate to "waging economic warfare via equity markets"? Of course China is responsible for its own domestic debt, because evergrande borrowed from state-backed banks. Are foreign debters also backed by Chinese government? Are you suggesting Chinese government should take responsibility for foreign investors?

And "for a while"? Name another case remotely matches "economic warfare".

[rp1]

Since you asked, China basically had an inside man in the Californian pension system and purchased a large amount of Chinese tech stocks. Beijing then pulled the carpet out from under them, causing 400B in US pension losses: https://www.google.com/amp/s/californiaglobe.com/articles/us...

[jessaustin]

amp links really undermine your credibility...

https://californiaglobe.com/fr/us-pension-funds-lost-400-bil...

[BoiledCabbage]

I can't tell if this is a joke or you are serious. Can you clarify?

[jessaustin]

OP makes a complicated allegation. I don't care enough about the allegation to devote the mental effort to understand it or to determine if the source cited is bogus. Generally I have more regard for the opinions of careful thinkers. Pasting an untidy URL is a sign of sloppy thinking.

[BoiledCabbage]

> Pasting an untidy URL is a sign of sloppy thinking.

Thanks, you answered all I need to know with this comment here. Judging the validity of OPs argument based on your personal dislike of amp in a url.

[rp1]

Or I’m on a cellphone????

[justicezyx]

Assuming that you are trolling, one advice in this situation is that you can curb the urge to post something on your phone, which restricted your flexibility and causes the tendance to post things with little context and concrete meaning, and wait until you have access to the right tool for expressing yourself.

It is not easy.

At the spot of seeing something that you feel strongly, it's an exercise of strong will to actually have a clear mind and use rationality to communicate.

Emotion is the fuel of mental activity. It likes to explode. The mind's role is to place it on steady pace, and generate power that actually changed things, instead of just exploding on spot.

[justicezyx]

Now sure how to connect the dots from your article to the claim that China "waging economic warfare through equity market".

Facts:

* US pension fund lost 400B on China investment. That's total in US not directly related to the "inside man in the CA pension system". But wait for others facts below.

* This CA pension system inside man "Yu Ben Meng" is chief investment officer of CA public employees retirement system (CalPERS). He "has long and cozy relationship with China". Because he was recruited into the "thousand talents" program.

* CalPERS invested 3.1 billion into Chinese companies. The amount lost because of them us undisclosed in the article.

Back to your statement:

> China basically had an inside man in the Californian pension system

He is recruited as thousands talent program. The relationship is claimed to be academic.

When his investment decision into Chinese companies on behalf of Cal PERS is unknown. To substantiate your statement, at least, based on the known facts, there should be a casual connection between his recruitment to thousand talent program, and later decision to invest into Chinese firm.

Further, the investment gain from this investment needs to be negative or noticeablly below market norm to actually give any doubt that such investment was not driven by sane investment assessment.

> Beijing then pulled the carpet out from under them, causing 400B in US pension losses

It's strange to paint this as a economic warfare.

Why is regulatory action with the intention to curb private corporations' influence (as western media like to portrait), being transformed into economy warfare.

Of course, it's not a stretch to claim that in this action, CCP indeed achieved the purpose of economic warfare.

But that's just usual international business. US fed has already caused global financial crisis, because of their domestic policies. For multiple times over the 20 and 21 centuries.

Did US wage economic warfare against all other nations on earth? (Because of US dollars' supremacy)

If one admit US is wagging war, then sure, China is also waging a war.

Call this whatabohtism.

But at least make it clear that this is not some Chinese specific evil. This is a universal evil.

As a Chinese myself, I don't want to be the spagagoat once US China got into an actual war. CCP is as bad as USA, thats not any Chinese fault.

And who is not investing in China? Ray Dallio? He must be a more China inside man. As he is not only investing in China, he openly claim it's still good to invest in China!

Mr. Yu Ben Meng, aside from being a Chinese, is he doing more pro China than Mr. Dallio? I cannot find any such evidence from your article.

So the reason call him a China inside man, is just because he is a Chinese?

Tell me, except the word "racism" what should I use to describe this reasoning?!

[rp1]

Sorry, that’s a lot of words that doesn’t address anything. This guy is under investigation because of his actions. Bringing up a bunch of irrelevant facts just serves as a distraction. Seriously, the U.S. causing the global financial crisis is your counter argument?

[justicezyx]

At the moment like this, I always wonder:

Should I spend time engaging with this guy who appears not reading, or cherrypicking statements, or plainly trolling?...

I think the one sentence explanation is that your statement is plainly racism.

Even in this post, you admitted that "This guy is under investigation", yet you are able to use a unsubstantiated charge, and blow it into China economic warfare, and label that person as "China inside person".

> that’s a lot of words that doesn’t address anything

Sure, tell me, which part is address nothing?

[Zpalmtree]

Ah yes, anyone criticizing china is racist. Straight out of the CCP handbook.

[justicezyx]

WTF?

We are talking about a random US Chinese person, where did I defend CCP?!

WHAT KIND OF STUPIDITY IS NOW RAMPAGING ON HN!?

[knowmylimits]

I think the original accusation is a bit of a stretch. Alot of funds of all sorts have diversified and invested in China which makes sense since China is the world's second largest economy.

[justicezyx]

A bit stretch is about objective as calling Trump "a bit erratic". ..