"The California Public Employees' Retirement System (CalPERS) had more than $3 billion invested in Chinese companies, including 14 state-controlled enterprises blacklisted by the Trump administration, as of June 2020. Many of these companies are funding the Belt and Road Initiative, a massive infrastructure project Beijing is using to expand its geopolitical and military influence."
"It's outrageous that Gavin Newsom's administration would allow hundreds of millions of dollars from California's pension system to be invested into the totalitarian Chinese communist government's entities," said former San Diego mayor Kevin Faulconer. "This demands immediate answers from Newsom and further shows why he can no longer be trusted to lead. We are going to recall him on September 14 and I look forward to cleaning up this mess when I am elected Governor."
https://www.foxnews.com/politics/california-pension-china-investments
Both Fox News and The Washington Beacon are conservative news sources but there is a 2019 -2020 report you can download and review from the Beacon article.
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