Commentary
The Reuters headline said: “BlackRock expands footprint with wealth management in China.” It should have said: “Beijing Gets a Chokehold on BlackRock and Its CEO Larry Fink.”
A sign for BlackRock on its building in New York on July 16, 2018. Lucas Jackson/Reuters
|Updated:
Clyde Prestowitz
Author
Clyde Prestowitz is an Asia and globalization expert, a veteran U.S. trade negotiator, and presidential adviser. He was the leader of the first U.S. trade mission to China in 1982 and has served as an adviser to Presidents Reagan, George H.W. Bush, Clinton, and Obama. As counselor to the secretary of commerce in the Reagan administration, Prestowitz headed negotiations with Japan, South Korea, and China. His newest book is "The World Turned Upside Down: America, China, and the Struggle for Global Leadership," which was published in January 2021.
