Fact check: Is Abbott investing Texas taxpayer money in Chinese companies?

  • 📰 HoustonChron
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Fact check: Is Abbott investing Texas taxpayer money in Chinese companies, as Huffines claims?

In March 2021, the Pensions & Investments trade publicationthat the Texas County & District Retirement System committed $40 million to a Beijing-based manager to be split between two China-focused private equity/venture capital funds. The two funds focus on early-stage and growth-stage Chinese technology companies.

"It seems extremely unlikely that Governor Abbott is personally directing any of the investment choices of the various Texas state and local pension funds. Extremely unlikely," said economics professor Dennis Jansen, director of the Private Enterprise Research Center at Texas A&M University. Anyone investing in a passive world index fund, such as Vanguard’s Total International Stock fund, is investing partly in China, or in many international funds, Jansen added.

"It is not as if China is a small part of the global economy. Having appropriate diversification across industries and countries is well-established investment advice," he said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Spread the false propaganda and information just like Russia, Abbott is the Governor of Texas, he is not worried about China, really y’all need to get real and look at the stupid crap getting spread around, fake news crap is sick

Any US government entity, red all blue, that invests government and Tax payer money in anything not American is doing it wrong. Support the USA, invest locally. Just wrong.

Save Texas from Greg Abbott

That’s an easy one.

We need to take both Russia and China

Abbott believes and says what maga tells him to believe and say.

GregAbbott_TX has learned so much from his mentor, Trump. That’s another reason he talks about Biden so much. Apparently, he thinks he running against him 🤷‍♀️ All he has are Republican dog whistles, not an original thought at all. 🦴🦴🦴

He's anti China and this dude has voters? WTF?

Abbott thinks all it takes to shore up his constituents is negative, over dramatized, shit stirring sound bites.

So wait it was a disaster and not a “minor illness”? GOPHypocrisy GOPLiesAboutEverything GOPTraitorsToDemocracy GOPTraitors GOPgrifters GaetzGate GOPCoupAttempt GOPCoup GOPRacists GOPCriminals GOPNazis

Mostly false? How about, “Technically true, but it suggests it was his idea”? Also, appointing someone to do something does not absolve you of the responsibility of what decisions they make. Which this article attempts to do

Probably. ALL of our politicians are involved. It's clear Trump is involved with Putin. 🤝

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 609. in CA

Canada Canada Latest News, Canada Canada Headlines