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Bill to Ban Public Pension Investments in Chinese Pharmaceuticals

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the staff of the Ridgewood blog

MIDLAND PARK NJ, Assemblyman Chris DePhillips decided to introduce a pension divestment bill earlier this week after hearing complaints from leaders within the New Jersey pharmaceutical industry.

“The outbreak has really become a wake-up call for the state and industry,” said DePhillips (R-Bergen). “New Jersey is supposed to be the medicine chest for the world, but China is in control of our pharmaceutical manufacturing. That must change.”

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