By Christian Whittle
On Wednesday, Oct. 27, Consumers’ Research, Consumers’ Bulletin’s parent organization, launched a multi-million-dollar campaign highlighting the ties between the Chinese government and BlackRock. The nation’s oldest consumers protection organization hopes to expose the close relationship maintained by the Chinese Communist Party and the world’s largest asset manager.
Consumers’ Research released a television advertisement to begin the campaign. The ad focuses on how BlackRock invests billions of Americans’ pension dollars into China’s economy, propping up its communist leaders and funding surveillance companies used by the Chinese military. Consumers’ Research believes BlackRock uses progressive talking points and initiatives to distract from the practice.
“Funneling American’s hard-earned retirement savings to China is unsafe from both a national security and financial perspective,” said Will Hild, President of Consumers’ Research. “No amount of woke posturing can hide what this company is really up to.”
The ad, titled “Betting on China,” will run nationally on television across the U.S. and include billboards displayed in Times Square and throughout New York City. It will also feature a targeted digital component. With this campaign, Consumers’ Research hopes to put pressure on Wall Street and stop people like BlackRock CEO Larry Fink from taking American money and betting it China.
“We cannot let executives likely Larry Fink try and tell Americans how to live while simultaneously cozying up to China,” said Hild. “By putting BlackRock’s shady dealings out in the open for all to see, we’re sending a message that companies won’t get away with taking advantage of hard-working Americans. BlackRock deserves to be seen for what it really is — a wolf in sheep’s clothing.”
Visit BlackRockLovesChina.com for more information.
About Consumers’ Research:
Consumers’ Research is an independent educational 501(c)(3) nonprofit organization whose mission is to increase the knowledge and understanding of issues, policies, products, and services of concern to consumers and to promote the freedom to act on that knowledge and understanding. Consumers’ Research believes that the cost, quality, availability, and variety of goods and services used or desired by American consumers — from both the private and public sectors — are improved by greater consumer knowledge and freedom.