Texas governor orders state agencies to divest from China investments

Texas Governor Greg Abbott has ordered state agencies to stop investing in China and to divest existing holdings. He cited increasing financial risks due to China's actions in the Pacific and concerns over espionage. Abbott's directive follows a broader trend of political leaders adopting anti-China stances. He also instructed state systems to prepare for potential threats from foreign governments, particularly China. The move has raised concerns that major U.S. funds may avoid Chinese investments due to political pressures. Abbott's actions have been praised by some investors who see them as a way to protect Texas' economic interests.