There are many witnesses who have already testified in this room. All of them agreed that Xi Jinping is unpredictable and that there's uncertainty in China right now. There are a lot of military activities going on in the Taiwan Strait for a reason. Also, if you look carefully at the closing remarks of the Chinese president Xi Jinping at the recent 2022 Communist Party congress, they were totally different, drastically different, from his traditional comments on China. All of the previous presidents said that the peaceful unification of the motherland with Taiwan was the goal, but this time, the Chinese president said that all options were on the table. That was in his closing speech. That tells you something.
The Chinese president twice ordered the Chinese military to make full preparations for war. That is for a reason, and we have to take those threats or messages seriously.
If that thing were to happen, what's going to happen to our investments? Do we have any idea of the hundreds of billions of dollars of investments in China by the Canada pension plan, provincial pension plans, university endowments and community investments? They are going to be wiped out if the Chinese government blocks the exit of these funds or, because of sanctions, share prices drop, as was the case in Russia? Our invested funds were just wiped out there.
There is great danger, and because of that geopolitical risk, the huge risk, our pension funds should take action and withdraw their investments from China.