Egypt Daily News – The Republican governor of the US state of Texas, Greg Abbott, ordered the relevant agencies in Texas to stop investing the state’s funds in China, and to sell these investments as soon as possible, citing financial and security risks.
“Given that Chinese hostility against the United States and its allies appears likely to continue, the financial risks associated with investing in China will also rise,” Abbott said in a letter to Texas state agencies dated November 21 and posted on his website. Reuters News.
He added: “I direct Texas investment entities that you are prohibited from making any new investments of state funds in China.” So much so that you should dispose of any current investments in China as soon as possible.”
