December 21, 2023
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0:41Now PlayingAmerican public pension funds have invested more than $68 billion in China – the US’ No. 1 adversary – since 2020, alarming finance experts who are warning about the national security risks in a new report obtained by The Post.
The bipartisan nonprofit Future Union found that 56 of the largest 74 American pension plans had put money into the Chinese market over the past 36 months — a period during which relations between Beijing and Washington have only grown more strained.
“In the past 12 months, 24 investments alone have been made, which should be acknowledged as support for the technological advancement of China,” the report said.
“Our research indicates four of the largest US public pensions have invested in China in the last few months,” it added.
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#china #us #pension #business #nationalsecurity
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