China ‘absolutely necessary’ for Ontario Teachers’, CEO says
Ontario Teachers’ Pension Plan has a long-term plan for China that’s unlikely to be derailed by political tensions, its chief executive officer said.
“China’s a long game from our perspective and while there’s always skirmishes of one kind or another, in the short term, we believe that it’s absolutely necessary to be there,” Ron Mock said in a Bloomberg Television interview Wednesday at the World Economic Forum in Davos. The fund invests a lot in technology in China which is very different than doing so North America, he said.
Mock’s comments come as relations between Canada and China are at one of the most strained in their history. Canada is holding Meng Wanzhou, chief financial officer of Huawei Technologies Co. in Vancouver at the request of the U.S. who want to extradite her while China has detained two Canadians and sentenced a third to death on a drug charge.