In a bold move, Texas Governor Greg Abbott has issued a stern letter to all state agencies, instructing them to withdraw from any risk investments in China and cease all new investments in the country using state funds. This move follows a growing trend of nations reevaluating their economic ties with China.
The decision is a clear signal that the Lone Star State is committed to prioritizing its economic interests and national security. By taking this step, Governor Abbott is ensuring that Texas state funds are not being utilized to support a foreign power's economic and military ambitions.
This move also underscores the growing concerns over China's growing economic and military prowess, which has raised eyebrows across the globe. The US has been increasingly wary of China's investments in critical sectors such as technology and infrastructure, citing national security concerns.
It remains to be seen how this move will impact the state's investment portfolio and the overall relationship between Texas and China. However, it is clear that Governor Abbott is committed to taking a strong stance on issues that impact the economic and national security of his state.