Texas Governor Orders State Agencies to Halt Investments in China

Texas Governor Greg Abbott, a Republican, ordered relevant agencies to halt state investments in China and sell these investments as soon as possible, citing financial and security risks.

Abbott said in a letter to Texas state agencies dated November 21, published on his website, “Given that Chinese hostility toward the United States and its allies appears likely to continue, the financial risks associated with investing in China will also increase,” according to Reuters.

He added, “I direct Texas investment entities to cease all new state investments in China. To the extent that you have any existing investments, they should be disposed of at the earliest opportunity.”