Since 2022, California’s main state pension fund has committed hundreds of millions of dollars to a Chinese venture capital firm that has been investigated by Congress for its close ties with the Chinese Communist Party.

Experts warn these investments are not only risky, given China’s record on property rights and growing economic challenges, but undermine the security of the United States and its allies.

By Kenneth Schrupp

The Center Square

“CalPERS should not be investing in China because in China, the Communist Party takes a stake in every major company,” said Diana Furchtgott-Roth, who is director of the Heritage Foundation’s Center for Climate, Energy, and the Environment, in an interview with The Center Square.

Since 2022, the California Public Employee Retirement System has com

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