U.S. pension funds, universities face pressure over China investments
U.S. public pension plans and universities are facing pressure to divest their portfolios from China amid tensions between Washington and Beijing, with billions of dollars at stake. Proposed federal and state legislation takes aim at public money being used toward investment into China over fears about national security and whether American dollars should go to a country the U.S. has deemed its primary strategic competitor. In May, a group of U.S. Senators led by Republican Marco Rubio reintroduced legislation which would ban the...
