Bing Ji was named general manager of BlackRock’s newly launched wealth management joint venture in Shanghai, BlackRock CCB Wealth Management, a spokeswoman confirmed Friday…
On Wednesday, BlackRock said that the joint venture it unveiled last August with a subsidiary of China Construction Bank and Singapore investment company Temasek had garnered regulatory approval to start operations…
BlackRock said it holds a majority 50.1% stake in BlackRock CCB Wealth Management. CCB Wealth Management Co., a wholly owned unit of China Construction Bank, has 40% and Temasek holds the remaining 9.9%.
As reports increased this year that China has greatly expanded its facilities that detain and utilize Uighurs as slave labor, new evidence indicates a key supplier for Apple Inc. is using transferred workers from among the Muslim minority ethnic group.
In an article published Tuesday by the Washington Post, the Tech Transparency Project revealed documents that indicate the Chinese government is transporting involuntary laborers from the region of Xinjiang – where Uighurs have been reportedly abused and undergo “re-education” to learn fealty to the communists – to a Lens Technology factory in Hunan, in central China.
The company has long manufactured cover glass for Apple’s iPhone.
Tech Transparency Project, a left-leaning nonprofit watchdog of the major Silicon Valley technology companies, based its findings in part on evidence deciphered from propaganda in Chinese media. Darren Byler, a research anthropologist … Read More ➡
It wasn’t known at the time what influence Apple hoped to exert on the shaping of the bill, but considering the company’s extensive use of Chinese labor to assemble its products and their parts, the suspicion was that it hoped to ease any restrictions and penalties.
Now, two anonymous Congressional sources cited by the Washington Post say that Apple does want the legislation watered down.
The Act seeks to force companies to ensure that they or their suppliers do not use coerced labor from the persecuted Muslim Uyghurs in the Xinjiang region of China. The people group has reportedly been subjected to persecution, … Read More ➡
Whether the company is for or against the legislation is not known.
The bill has 88 co-sponsors, from Democrat “Squad” Congresswomen Ilhan Omar (Minn.) and Rashida Tlaib (Mich.) on the far left, to conservative House Freedom Caucus members Mark Meadows (a former Representative from NC, now President Trump’s chief of staff) and Jody Hice (Ga.) on the right.
The legislation seeks to ensure that goods manufactured in the Xinjiang region of China, where hundreds of thousands of minority Muslim Uyghurs are persecuted and forced to work “at a fraction of minimum wage or without any compensation,” do not enter the United States market.
A government watchdog recently tried to post a bold message on giant billboards during he NBA finals about LeBron James’ refusal to speak out against Chinese human-rights abuses, but was rejected by the sign company.
The Virginia-based National Legal and Policy Center was poised to spend “several hundred thousand dollars” on five billboard images showing the superstar with a Chinese flag covering his mouth and the message, “Silence is Violence.”
The billboards were set to be displayed near the entrance to the NBA Bubble near Orlando, Fla., where James’ LA Lakers are battling the Miami Heat for the NBA championship.
But Outfront Media refused to put up the ads for fear of upsetting the famously outspoken James, according to an email from the company viewed by The Post.