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Trump White House tells railway pension fund to avoid China deals

THE White House has warned the Railroad Retirement Board, a federal agency, that its investments in Chinese assets are an 'unnecessary economic risk' that pose a national security threat to America, reports London's Financial Times

12 July 2020 - 19:00

THE White House has warned the Railroad Retirement Board, a federal agency, that its investments in Chinese assets are an 'unnecessary economic risk' that pose a national security threat to America, reports London's Financial Times.

Robert O'Brien, national security adviser, said in a letter that 'such investment????????channels American worker funds into [People's Republic of China] companies that raise significant national security and humanitarian concerns'.



Mr O'Brien said the agency was 'permitting hundreds of millions of dollars' in retirement funds managed by the National Railroad Retirement Investment Trust to be invested in Chinese companies, including some under US sanctions, in the letter penned with Larry Kudlow, the White House economic adviser.


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