Trump Administration Moves to Block US Pension Fund Investment in Chinese Equities

Director of the National Economic Council Larry Kudlow arrives to speak to the media at the White House in Washington, D.C. on Sept. 6, 2019. Joshua Roberts/Reuters

Leading Trump administration officials on May 11 moved to block further investment by U.S. federal retirement funds into Chinese equities that “present significant national security and humanitarian concerns,” reported FOX Business.

National Economic Council Chair Larry Kudlow and national security adviser Robert O’Brien addressed a letter to U.S. Labor Secretary Eugene Scalia on May 11 detailing the Trump administration’s wishes.