US
GOP Gov Orders State Agencies To Divest China Assets
DAILY CALLER NEWS FOUNDATION
Ireland Owens
Contributor
November 22, 2024 9:35 AM ET
Republican Texas Gov. Greg Abbott sent a letter to state agencies ordering them to divest from “risky” investments from China, warning of security threats, according to a Thursday press release. Abbott’s letter was aimed at preventing Texans from being exposed to the Chinese Communist Party (CCP), according to the statement. The governor called for the agencies to fully divest from China as soon as possible, citing financial risk and Chinese “aggression” against the U.S.
“Security of Texas and Texans is of utmost importance,” Abbott wrote. “That includes the financial security of Texas state investments. Threats to that security can come from foreign adversaries, including the Chinese Communist Party (CCP), whose belligerent actions across the Southeastern Pacific region and the world have increased instability and financial risk to the State holding investments in China. As Chinese aggression against the United States and its allies seems likely to continue, the financial risk associated with holding investments in China will also rise. Therefore, all investments of state funds in China must be evaluated and immediately addressed.” (RELATED: EXCLUSIVE: Chinese Summer Camps Teach American Kids To Be Like Red Army Soldiers And ‘Little’ Police Officers)
“This is not the first time I have raised concerns about this looming threat,” Abbott added.
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READ MORE: https://dailycaller.com/2024/11/22/texas-governor-abbott-orders-state-agencies-divest-china-assets/
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