CCP Ambassador Threatens US, California Invested in CCP-Owned Companies

The Chinese Communist Party’s (CCP) ambassador to the US used his first big speech to warn of “disastrous consequences” if the “extreme” America-first policy of the Trump administration continued under Biden. While the CCP ambassador threatens the US, it has been discovered that California’s state pension previously invested millions of dollars in “Chinese state-owned companies.”

The Chinese ambassador is continuing the recent CCP tactic of bullying Biden into giving China what it wants without any opposition (emphasis added).

“‘It would be absurd and dangerous to apply the ‘Cold War playbook’ to today's China-U.S. relations,’ Qin Gang, who was appointed by Beijing on July 28, said Tuesday in his first major speech as ambassador. ‘Many countries are reluctant or concerned about being forced by the [United States] to pick sides. I hope American politicians would seriously consider: Does suppressing China really serve their purpose? Does it really meet America’s own interests? Who can bear the disastrous consequences to China-U.S. relations and the world? Dealing with China from a position of strength—the Chinese people simply do not accept it.’

Qin also called on the Biden administration to reverse the ‘extreme China policy’ of the Trump administration.

The ambassador’s speech comes on the heels of similar remarks from senior Chinese officials. President Xi Jinping and Foreign Minister Wang Yi panned the United States for escalating tensions to the point of a ‘Cold War,’ a conflict which they say China has no interest in fighting.

Qin and other Chinese leaders have repeatedly threatened the United States for interfering with China’s ‘core interests.’ Such interests include the genocide of Uyghur Muslims in Xinjiang, suppressing the human rights of religious minorities in Tibet, asserting dominance in the South China Sea, and threatening Taiwan's sovereignty.”

Taiwan is independent, legitimate China, a status the CCP cannot justly claim. And there is overwhelming evidence that the CCP is committing genocide against the Uyghurs (and persecuting other ethnic and religious minorities too), as the Washington Free Beacon indicates here.

“‘The Chinese people value sovereignty and territorial integrity as much as their own lives,’ said Qin. ‘There is no room for compromise or backdown on this issue.’

Qin’s rhetorical style is commonly known as ‘wolf warrior’ diplomacy, a practice of top Chinese diplomats who combine fierce bluster with appeals to cooperation with Western powers.”

While the CCP consistently steps up its unjust global aggression, it has transpired that the state of California had heavily invested its state pension in Chinese companies which are state-owned (and thus CCP-owned and controlled) and/or connected to the Chinese military.

“California’s state pension invested hundreds of millions of dollars in Chinese state-owned enterprises linked to the People’s Liberation Army, according to records reviewed by the Washington Free Beacon.

The California Public Employees’ Retirement System (CalPERS) had more than $3 billion invested in Chinese companies, including 14 state-controlled enterprises blacklisted by the Trump administration, as of June 2020. Many of these companies are funding the Belt and Road Initiative, a massive infrastructure project Beijing is using to expand its geopolitical and military influence.

Gov. Gavin Newsom (D., Calif.), who recently praised a Chinese-owned media company for its ‘journalistic integrity,’ has not commented on CalPERS’s Chinese investments. It is a notable silence from the embattled governor, who has called on CalPERS, the country's largest public pension system, to divest from tobacco companies and companies linked to the Turkish government. Newsom faces a recall election on Sept. 14.

CalPERS had more than $450 million invested in 14 Chinese companies the Trump administration put on an investment blacklist last year because of their ties to the Chinese military. President Donald Trump’s executive order, which the Biden administration has continued, prohibited Americans from investing in companies that aid the Chinese military.

It is unclear whether CalPERS has complied with the executive order by divesting in the blacklisted companies. The pension fund declined the Free Beacon’s requests for comment. CalPERS had more than $490 million invested in seven Chinese state-owned enterprises that, while not on the U.S. blacklist, are funding the Belt and Road Initiative, according to its 2020 investment report. CalPERS invested in some of the Chinese companies as early as 2016, records show.”

It is no wonder China feels fully confident in bullying weak Democrats like Biden while other weak Democrats like Newsom have invested the People’s Republic of California in enemy enterprises.

(Photo courtesy of Washington Free Beacon.)