Amid tensions with China, US states purge Chinese companies from their investments

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Amid tensions with China, US states purge Chinese companies from their investments - Business Mirror

Quick Summary:

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.

State pension divestment policies are “part of a broader march toward more confrontation between China and the United States,” said Clark Packard, a research fellow for trade policy studies at the libertarian Cato Institute.

In recent weeks, Malek has highlighted the Chinese divestment in campaign ads, asserting that fentanyl from China “is drugging our kids” and vowing: “As long as I’m treasurer, they won’t get money from us.Not one penny.