American public pension funds have sunk over $73.28 billion into Chinese stocks, over $68 billion of it since 2020 – presenting a potentially serious national and economic security risk, as relations with the communist dictatorship worsen.
The New York State Common Retirement Fund and the New York State State Teachers’ Retirement System are among the pension funds most exposed to China, with over $8.3 billion and $3.1 billion committed, respectively.
Other major investors include the California Public Employees Retirement System, with $7.86 billion committed, the California State Teachers System, at $5.55 billion, the Washington State Investment Board, at $5.02 billion, the San Francisco Employees Retirement System, at $3.3 billion, and the Pennsylvania Public School Employees Retirement System, at $3.2 billion.
Many American school systems and universities are also exposed, with Chinese investments totaling $7.6 billion.
“The threat posed by China to America’s national security is clear yet the managers of our retirees’ pensions and university endowments continue to feign ignorance and rue accountability, undermining America’s national interests,” said Andrew King, chief executive of the Future Union group that crunched the numbers.
“That must end now,” he added.
The Biden regime has consistently opposed “decoupling” from China after the Wuhan virus pandemic exposed the American economy’s dangerous over-reliance on its Asian adversary, despite being treated with contempt by Beijing.
