US Public Pensions Investing Billions in China Despite Divestment Talk

The federal government has attempted to clamp down on U.S. investments in China, but these efforts might be threatened by public pension funds investing tens of billions of dollars in the world’s second-largest economy. According to recent data from Future Union, a non-partisan trade group, American public pensions have invested approximately $68 billion over the last three years ended June 30. The organization’s research revealed that 72 pension funds in 42 states possess at least one public pension that has been invested in China or Hong Kong through various funds, including in sensitive sectors. Thirty-nine percent made investments in the last 12 months....