Texas Orders State Agencies to Sell China Assets | Business Matters (Nov. 22)

The governor of Texas ordered state agencies to stop investing in China and sell assets there as soon as possible, citing financial and security risks, a sign of rising U.S.–China tensions starting to impact global capital flows. In a letter to state agencies dated Nov. 21 and posted to his website, Republican Greg Abbott said “belligerent actions” of China’s ruling Communist Party had increased risks to Texas’s investments in China, and told investors to get out.