Noviembre 27, 2020
Will the US continue the divestment process in China and its efforts to level the trade balance under the Joe Biden Administration?
Government & State Pension Funds are the second largest group investing into Chinese companies. The vast majority of the amounts held from U.S. pension or sovereign funds is from the California Public Employees Retirement Systems (CalPERS), which is estimated to have half a billion dollars in investments across several state-controlled companies such as China Mobile, China Telecom, China Unicom, and a variety of smaller stakes in other companies, including rail equipment manufacturer CRRC Corp., China Communications Construction Co. Ltd., and China Railway Construction Corp. Ltd. According to a CNN report the recent ban to Americans from investing in Chinese firms decreed by President Trump, «set to take effect January 11, comes as trade and technology battles are heating up between the world's two largest economies»....Read more