South Dakota governor orders review of Chinese investments
South Dakota Gov. Kristi Noem has called for a review of the state’s investments to determine if it has stakes in Chinese companies.
By News Channel Nebraska
SIOUX FALLS, S.D. (AP) — South Dakota Gov. Kristi Noem has called for a review of the state’s investments to determine if it has stakes in Chinese companies.
The Republican governor, who is seen as a potential contender for her party's nomination to run for president in two years, has taken aim at the state’s ties to China and claimed that they pose a national security threat.
Last week, she banned TikTok, which is owned by Chinese company ByteDance, from being used on state-owned devices.
Noem's office issued a statement saying she wants the South Dakota Investment Council, which oversees a $19 billion portfolio for the state’s pension fund and other trust funds, to review its investments for ties to Chinese companies within seven days.