Today the focus is on steps taken by the New York Stock Exchange (NYSE) to delist China’s three largest state-run telecom groups in order to comply with Trump’s Executive Order barring US investors from holding stakes in companies suspected of having ties to the Chinese military.
The 3 companies – China Mobile, China Telecom, and China Unicom – all maintain listings in HK – so any damage will be minimised. But China will be inconvenienced.
China, however, has been here before. From 1949-1971, to Washington, China “did not exist”. No USA citizens were allowed to visit. No US companies were allowed to do business. China survived + by 2035 is predicted to be the largest economic power in the world.
So what chance Trump’s aim of “bombing China into submission” will succeed? And just as China-EU relations have taken a significant step forward.
My advice? See the long term trend.
