Mon Jan 3, 2022 – 4:24 pm EST
TALLAHASSEE, Florida (LifeSiteNews) — Florida Gov. Ron DeSantis has directed the Florida Retirement System (FRS) to review its investments in Chinese companies that do not serve American interests.
The FRS invests $160 billion in pension funds for active and retired government workers in the Sunshine State.
“The State of Florida will investigate its holdings in Chinese companies and retake control of its shareholder proxy voting from ideology-crazed investment funds,” a December 20 news release from the Republican governor’s office said.
“If you look at how these major companies behave when faced with Chinese disapproval, they censor what the CCP tells them to censor and we see groveling apologies,” DeSantis said. “Go back a generation, and the idea of the American elites was, ‘If we allow China into the WTO [World Trade Organization] and give them most favored nation status, that will make China more like us.’ This experiment has failed and it has endangered our nation’s national and economic security.”
He wants the State Board of Administration and the legislature to agree to statutory language that says the state should not be “entangled” with the CCP.
“When the legislature
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