The executive order, which prohibits direct investment in both debt and equity securities, but also bans Americans from investing in funds that contain Chinese securities in their portfolios, is meant to stop US capital from being used by China to undermine national security....Gives new meaning to "capital controls."
The more the US attacks these companies economically, the more the Chinese government will support them economically, which is the US government's complaint, so it is not like they don't know this. So who does it impact? The American investors that are shut out.
Also at ZH
Tesla Shares Plunge Below $600 After Reports Of Collapse In May China Orders
See also
Huawei: Accelerate Financial Digitalization, Create New Value Together
2 comments:
“ A Mustang Mach-E sits for just 10 days once it gets to a dealer and many are selling upon arrival. Mach-E sales totaled 1,945 in May, and 10,510 year-to-date.
The Mustang Mach-E is performing so well, the company is building more Mach-E’s than the original gas-powered pony car, according to Bloomberg. Ford’s plant in Mexico has produced 27,816 electric Mustang Mach-E models in 2021 while the Flat Rock, Michigan facility building the Mustang has churned out 26,089 vehicles”
More EVs than the ICE model.... You have to start to question the “chip shortage!” meme.... they just may not want to get stuck with the wrong inventory on the lot....
I own Ford, and will buy every dip.
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