Reported about 8 hours ago
Texas Governor Greg Abbott has mandated state agencies to cease investments in China and divest current assets, citing rising financial and security risks due to tensions between the U.S. and China. In a letter issued on November 21, he highlighted 'belligerent actions' by China's Communist Party, urging immediate compliance from Texas investing entities. This decision follows Texas's recent trend of limiting investment partnerships that do not align with conservative values. As a result of the announcement, Chinese financial markets experienced a downturn.
Source: YAHOO