White House Warns Against Chinese Investment, Citing Risk of Further Sanctions

  July 7, 2020   News Stories

White House officials on Tuesday warned a federally administered retirement plan for railroad workers against investing in Chinese companies and said that additional sanctions could be on the way in return for China’s role in spreading the coronavirus.

The national security adviser, Robert C. O’Brien, and the director of the National Economic Council, Larry Kudlow, told the U.S. Railroad Retirement Board in a letter that its investments in China were exposing retirees to “unnecessary economic risk” and channeling funds into companies “that raise significant national security and humanitarian concerns,” including some that supply the Chinese Army.

Read more at The New York Times.

More Updates