invest in China

As an ex federal employee, I have a small inestment in the government Thrift Savings program

A couple years ago, Tsp planned to invest in high risk questionable  overseas funds including some in china

https://401kspecialistmag.com/tsp-still-investing-in-shady-chinese-companies

https://www.washingtonpost.com/politics/the-federal-retirement-fund-is-about-to-invest-in-china-some-former-us-military-leaders-object/2020/04/27/9cd30280-84dd-11ea-a3eb-e9fc93160703_story.html

senators tried to stop it over the objections of certain unions, but Trump heatd about it and stopped it.

Much of the objections were that the money would support the Chinese govt, but the lack of transparancy was also noted.

But the usual suspects lamented how this interfered with the ability of federal employees to make good investments...but we were not informed about it.

But other US pension funds did invest in Chinese companies.

So now that Evergreen and other chinese companies are going belly up, I will have to start googling if US pension funds are affected.

https://www.nytimes.com/2020/05/13/business/economy/china-tsp-federal-retirement-fund.html

This article is from last month

 

https://www.foxbusiness.com/media/kudlow-china-list-sanctioned-americans

Last month chinese propaganda said invest in china

http://t.m.china.org.cn/convert/c_yBSHWQBB.html