I have no problem with this "edict". It is a Federal (USA) retirement plan and putting money in (only) US-based investment vehicles SHOULD BE S.O.P. The "edict" should be expanded to include ALL foreign based investments.
Very hypey and misleading headline. This is just preventing a certain group of investors in a certain retirement plan from investing directly into Chinese stocks. It's doing nothing to reduce current U.S. investments into Chinese companies...it's just preventing it from happening even more.
So their 401K money wont be allowed to purchase shares of Alibaba and Tencent which are diversifying into America, but that money can be used to purchase shares of GM which has 40% of its sales in China.
Surely China can't retaliate by passing edicts on how their citizens invest in American markets, surely.
Then you're clearly not a federal employee or former federal employee. Why should a politician get to jerk around your personal money in your retirement account to make a political statement? That's utter bullshit, not sure how you can justify it especially if you're for small government and lack of government overreach?