The current US Government has announced a fresh panel of restrictions on a total of 59 companies that, as the administration believes, has links to China's ruling political party. These sanctions prevent the corporations on the list from securing investment from US entities. The measures come into effect from from August 2, 2021.
https://www.notebookcheck.net/The-US-Administration-imposes-new-sanctions-on-a-list-of-59-Chinese-companies-Huawei-included.543261.0.html
VERY weird. In my understanding no company with close ties with the Party needs outside investments, especially foreign ones, for pretty obvious reasons. For example the technically independent Honor is over 90% ultimately owned directly by Chinese government entities or indirectly through Chinese government-owned entities. They definitely wouldn't, for example be seeking Google capital.
...I suppose certain VCs would be greedy (and bold) enough to attempt to invest if they see short term returns.
Quote from: S.Yu on June 05, 2021, 01:22:35
VERY weird. In my understanding no company with close ties with the Party needs outside investments, especially foreign ones, for pretty obvious reasons. For example the technically independent Honor is over 90% ultimately owned directly by Chinese government entities or indirectly through Chinese government-owned entities. They definitely wouldn't, for example be seeking Google capital.
...I suppose certain VCs would be greedy (and bold) enough to attempt to invest if they see short term returns.
No, Biden administration just need some seemingly rightful reasons to hamper Chinese companies in global market, therefore international capitals might turn to American companies, then eventually to energize US domestic industries.
LOL. Biden doesn't give 2 sh*ts about anything domestic. These "regulations" are as loose as the screws holding his body together.
Probably got pressed by the DOD, or signed one of their docs w/o looking - hence this announcement.
Needs to be more careful next time. Wouldn't want to upset the owner too much now, huh, Joey?
Quote from: potato on June 05, 2021, 02:58:18
Quote from: S.Yu on June 05, 2021, 01:22:35
VERY weird. In my understanding no company with close ties with the Party needs outside investments, especially foreign ones, for pretty obvious reasons. For example the technically independent Honor is over 90% ultimately owned directly by Chinese government entities or indirectly through Chinese government-owned entities. They definitely wouldn't, for example be seeking Google capital.
...I suppose certain VCs would be greedy (and bold) enough to attempt to invest if they see short term returns.
No, Biden administration just need some seemingly rightful reasons to hamper Chinese companies in global market, therefore international capitals might turn to American companies, then eventually to energize US domestic industries.
Yeah as I said the thing is I really don't think this would "hamper Chinese companies", and this doesn't prevent investments from non-US entities either
More ban? wow.