Trump confirms pulling out US pension fund from China investments

US President Donald Trump has confirmed that his ministration has asked for withdrawal of billions of dollars in American pension fund investments in China and that or similar actions were in consideration.

US and China relations have deteriorated after coronavirus outbreak. US has expressed disappointment over Beijing's handling of coronavirus which has claimed over 80,000 lives in America. China has also been accused of stealing Intellectual Property and research work.

"Billions of dollars, billions... Yeah, I pulled it back," Trump said on Fox Business News on Thursday when asked about reports that US h pulled out billions of dollars of American pension funds in Chinese investment.

In ar question, president was asked wher he will force Chinese companies to follow all conditions for being listed at New York Stock Exchange and NASDAQ.

Chinese companies like Alibaba are listed on New York Stock Exchange, but y do t report earnings -- way an American company does, interviewer said.

"We are looking at that very strongly. It's pretty amazing but here's problem with that. Let's say we do that, right? So what are y going to do? y are going to move ir listing to London or someplace else. You see?" Trump said.

"Let's say you want to get tough. You kw everyone wants to be a tough guy. Look I am toughest guy but what happens is y say 'okay, we will move to London or we will go to Hong Kong'," he said.

Meanwhile, China is mulling actions against US lawmakers who have introduced a legislation in Senate proposing sanctions against China for its handling of coronavirus outbreak, according to news reports.

" Chinese government is lashing out at those who are appropriately trying to hold m accountable for intentionally misleing us about nature of vel coronavirus, where it was spreing and how quickly things were getting out of control. I consider ir threats a bge of hour,” Congressman Jim Banks said.