Texas Gov. Abbott Orders State Agencies to Sell China Assets – IOTW Report

Texas Gov. Abbott Orders State Agencies to Sell China Assets

Newsmax

The governor of Texas ordered state agencies to stop investing in China and sell assets there as soon as possible, citing financial and security risks, a sign of rising U.S.-China tensions starting to impact global capital flows.

In a letter to state agencies dated Nov. 21 and posted to his website, Gov. Greg Abbott, a Republican, said “belligerent actions” of China’s ruling Communist Party had increased risks to Texas’ investments in China, and told investors to get out.

“I direct Texas investing entities that you are prohibited from making any new investments of state funds in China. To the extent you have any current investments in China, you are required to divest at the first available opportunity,” he said. more here

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