Texas Governor Greg Abbott Orders State Agencies to Divest from China, Citing Financial Risks

In an attempt to safeguard Texas’ financial interests, Governor Greg Abbott has ordered state agencies to remove all investments made in China. Abbott’s edict is intended to protect Texans from the financial dangers associated with the Chinese Communist Party (CCP), according to a statement provided by the Office of the Governor of Texas. “Texas and Texans’ security is of utmost importance,” the governor writes in the letter.

The governor’s worries stem from what he says are the Chinese Communist Party’s (CCP) growing activities, which he says have increased financial risks to state investments in China and contributed to the escalating instability in the Southeastern Pacific region. “All investments of state funds in China must be evaluated and immediately addressed,” the governor notably stated in his letter, according to the press release. This decision comes after Governor Abbott and three other governors collaborated with Vanguard to develop emerging market funds aimed at mitigating Chinese Communist Party (CCP) risks.

With a number of executive actions earlier in the week, Governor Abbott consolidated his opposition to the Chinese Communist Party (CCP). These measures are meant to defend state government systems from foreign influence, address concerns about harassment of Texans, and safeguard vital infrastructure from risks associated with both the CCP and the People’s Republic of China (PRC). Furthermore, the FBI Houston branch warned that the PRC may target and harass Chinese dissidents in Texas.

Governor Abbott’s newest attempt to defend Texas against what he sees as an increasing threat from China is the divestiture edict. He told state agencies that “Texas will defend and safeguard itself and our public treasury from any potential threat, including those posed by the CCP.” According to a press release from the Office of the Governor of Texas, this step is viewed as a defensive measure to guarantee that Texas remains resilient in the face of any financial challenges that may develop from foreign corporations.

Note: Every piece of content is rigorously reviewed by our team of experienced writers and editors to ensure its accuracy. Our writers use credible sources and adhere to strict fact-checking protocols to verify all claims and data before publication. If an error is identified, we promptly correct it and strive for transparency in all updates, feel free to reach out to us via email. We appreciate your trust and support!