The spotlight fell on Chinese investments held by U.S. colleges this week as the White House looks to untangle the intricate financial ties between deep-pocketed money managers and Chinese companies.
For decades, Communist China has cunningly exerted its influence, spread its propaganda, and conducted espionage on college campuses across America.
Whoever builds a nation’s 5G networks gains the key to that country’s most sensitive personal, commercial, and governmental data. Trusted firms such as Ericsson and Nokia from Europe and Samsung from the Republic of Korea have earned the trust of people and governments around the world. At the same time, other entities are losing that trust: most notably, the People’s Republic of China and the companies that its government controls, including Huawei.
Under Secretary of State Keith Krach discusses potential Microsoft purchase of TikTok with Fox Business’ Liz Claman
Days after sending a letter to colleges and universities, warning them to divest from Chinese holdings in their endowments, Krach says schools’ reaction was ‘appreciative.’
The U.S. State Department is asking colleges and universities to divest from Chinese holdings in their endowments, warning schools in a letter Tuesday to get ahead of potentially more onerous measures on holding the shares.