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White House: California pension fund subsidizing Chinese plans to 'overmatch' US military

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White House: California pension fund subsidizing Chinese plans to 'overmatch' US military

American investors are bankrolling China’s plan to drive the U.S. military from the Indo-Pacific region and risking their own retirement funds in the process, according to one of President Trump’s top advisers.

“Why are we sending American capital to a country and supporting a defense industry that's popping out a couple destroyers and frigates a month and threatening to have total overmatch against us in the Pacific?” White House national security adviser Robert O’Brien said Wednesday at an event in Washington. "I don't see why we should be underwriting the Chinese defense industry.”

O’Brien singled out the California Public Employees' Retirement System, the largest retirement fund in the country, for a special warning that its investment decisions could harm both retirees in particular and U.S. national security in general.

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from American investors are bankrolling China’s plan to drive the U.S. military from the Indo-Pacific region and risking their own retirement funds in the process, according to one of President Trump’s top advisers.

“Why are we sending American capital to a country and supporting a defense industry that's popping out a couple destroyers and frigates a month and threatening to have total overmatch against us in the Pacific?” White House national security adviser Robert O’Brien said Wednesday at an event in Washington. "I don't see why we should be underwriting the Chinese defense industry.”

O’Brien singled out the California Public Employees' Retirement System, the largest retirement fund in the country, for a special warning that its investment decisions could harm both retirees in particular and U.S. national security in general.

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