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Clyde - Yes, there is truth in what you say. A couple of thoughts though. On the one hand, Uncle Xi is making it increasingly clear that there won't be any market for foreign companies in any important technology area unless they effectively become Chinese corporations. Biden is making it increasingly clear that the multinationals will have to decide what their basic values are. He is not responding to the Roundtable and the U.S.-China Business Council, and the Chamber's request for removing the tariffs and restrictions on sales of high tech to China. To me, it looks increasingly as if the corporations will have to decide if they are Chinese or Free World. In addition, Xi is revealing that it is possible to lose money in China as well as to make it. On top of that, given the environmental and aging population issues facing China, the future market potential there may not be as great as many analysts have projected.

Sep 5, 2021
at
2:21 AM