Beijing hits back at Trump call to block US pension fund investment in China
Donald Trump’s order to stop the US government’s main pension fund from investing in Chinese equities will only hurt US investors, Beijing has warned as trade tensions between the countries threatened to turn into a “financial fight”. Beijing officials have been worried since late last year that Mr Trump would follow up his two-year China trade battle with action in financial markets. In letters to the head of the government’s main pension fund, which Mr Trump does not directly control, administration officials urged the Federal Retirement Thrift Investment Board not to invest in index funds that buy Chinese shares.
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