Yesterday on Wall Street, China’s biggest e-cigarette maker doubled in value on its Wall St first appearance. Investors want exposure to the world’s largest vaping market.
It is evidence that Trump’s sustained anti-China campaign has not hindered either, first, US investors’ appetite for China or, second, China companies’ appetite for US Capital.
Despite Trump’s Bully Boy posturing, Chinese listings in the US have surged and Chinese IPO’s raised almost $20bn on US stock exchanges – the second highest on record according to Bloomberg.
It says something significant about the way the world is going. Business wants China.
China today is not the USSR of yesterday. The world is, now, quite different but too many are imprisoned by their prejudices about the past to see the significance of the present. Things are always moving.