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submitted 1 month ago* (last edited 1 month ago) by MicroWave@lemmy.world to c/news@lemmy.world

As state treasurer, Vivek Malek pushed Missouri’s main retirement system to pull its investments from Chinese companies, making Missouri among the first nationally to do so. Now Malek is touting the Chinese divestment as he seeks reelection in an Aug. 6 Republican primary against challengers who also are denouncing financial connections to China. 

The Missouri treasurer’s race highlights a new facet of opposition to China, which has been cast as a top threat to the U.S. by many candidates seeking election this year. Indiana and Florida also have restricted their public pension funds from investing in certain Chinese companies. Similar legislation targeting public investments in foreign adversaries was vetoed in Arizona and proposed in Illinois and Oklahoma.

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[-] gAlienLifeform@lemmy.world 12 points 1 month ago
[-] CluelessLemmyng@lemmy.sdf.org 4 points 1 month ago

I would question the motives of these red states. Sounds more like an excuse to weaken social programs vs actual divestments against an adversary.

this post was submitted on 25 Jul 2024
59 points (96.8% liked)

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