| 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?! |