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View More »Some US states are purging Chinese companies from their investments
( ) -q-18- UNDATED (Correspondent Jeremy House) “because of apartheid.”
Some U.S. states are scrapping investments in Chinese companies amid tensions between countries with the world’s largest economies.
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Title: CHINA-US-STATES-house-q-FRIam
Out-cue: because of Apartheid]
TAG: Correspondent Jeremy House reporting. Some states have divested from tobacco companies and from Russia because of its war against Ukraine. The National Association of State Retirement Administrators opposes state-mandated divestments, saying such policies should be left to the federal government.
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VERBATIM: Indiana, Florida and Missouri all have taken actions requiring their public retirement systems to divest from certain Chinese companies. A similar measure was vetoed this year in Arizona. This isn’t the first time states have taken such actions. Many states previously divested from South Africa because of apartheid.
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