June 13, 2021
A watchdog group that monitors the Chinese government is urging more scrutiny of Canadian pension fund investment in Chinese companies, as awareness grows about these firm’s role in helping Beijing violate human rights.”
As sourced from Canada’s Globe and Mail, U.K.-based group Hong Kong Watch reports that “Canadian pension funds have emerged as one of the drivers of Canadian investment in China.”
As reported by Hong Kong Watch, Canadian pension investments include a $45-million stake in Hangzhou Hikvision Digital Technology Corp.
Hong Kong Watch says Hikvision has “helped construct the surveillance state and camps” where a vast number of UyghurMuslims are detained in China’s Xinjiang region.
Two successive U.S. governments have declared China’s repression of Muslim minorities to constitute genocide. In February, 2021, Canada’s House of Commons voted to declare that China is committing genocide against more than 1 million Muslims in the Xinjiang region. Prime Minister Justin Trudeau abstained from the vote.
Distilling these events down to their essence reveals what Canadian media refuse to lay on the line: not only the current Liberal government–but the Liberal Party on an historical basis– have maintained a little understood form of partnership with the government of China.
Investments for the Canada Pension Plan are administered by Employment and Social Development Canada on behalf of employees in all provinces and territories except Quebec. Constitutional authority for pensions is shared between the provincial and federal governments. Major changes to the CPP require the approval of at least seven Canadian provinces.
What can serious students of Canadian politics glean from this situation? What CAP see is that knowledge of CPP investments go well beyond a division of the federal government known as Employment and Social Development Canada.
Based on the information herein, let us create a reasonable synopsis:
The federal government of Canada invested $45 Million Dollars of Canadian Pension Funds in a Chinese corporation that built internment camps holding vast numbers of Muslims as prisoners.
