China lashing out at businesses signals early stages of a cold war, Asia expert Stephen Roach warns (via TradingNation)
Yale’s Stephen Roach, who served chairman of Morgan Stanley Asia, believes Beijing’s crackdown against U.S.-listed China stocks have major market implications.
Economist Stephen Roach warns Beijing's crackdown against U.S.-listed China stocks will have widespread market implications.Roach, who is considered one of the world's leading experts on Asia, believes the actions are signaling the early stages of a cold war.
"I am a congenital optimist when it comes to China. But I find these actions really quite disturbing," the former Morgan Stanley Asia chairman told CNBC's "Trading Nation" on Friday. "China is going after the core of its new entrepreneurial driven economy, and it's going after their business models."
According to Roach, the tensions between the world's two largest economies could get to levels not seen since the early 1970s."Even if U.S. companies don't trade directly with China, virtually everything they touch goes through global supply chains," said Roach. "So, a chill in the U.S.-China relationship has significant implications for U.S. companies and for investors investing in U.S. companies. You can't get away from the China connection." headtopics.com
. He believes it's too risky to invest in China stocks that trade on U.S. exchanges due to the regulation threat. Read more: CNBC »
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TradingNation Can you fix your app? When it goes to commercials it locks out and i have to retry. Man TradingNation My reading is bit different, China is not going after their entrepreneurs per se It is simply going after those sectors that crossed the line between micro and macro: companies and individuals are allowed to make almost unlimited amount of $$$, but cannot become policy makers
TradingNation Trading with the right resources is the best, ever since the day I came across james_bradleyfx I’ve never had an issue of delay with my payout, thanks sir TradingNation Why is the US always obsessed with cold wars, too bored to be peaceful? TradingNation Or considering China makes it difficult for their own businesses to be invested in their own markets given its track record of earning potential. I get what their government is playing at, however it sounds if it’s more towards self-reliance.
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China slams NBC Olympics coverage for missing Taiwan, South China Sea from mapThe Chinese consulate in New York urged the network to 'recognize the serious nature of this problem.' Good for NBC I hope they don’t capitulate. Taiwan is a separate country 🇹🇼 I see no problem here.🤷🏼♂️ Judoka Yang Yung Wei of TPE took silver in the men's 60 kg category, Taiwan's first Olympic medal in the 2020 Games. Please ask the Chinese consulate in New York to congratulate him. Thank you.
TradingNation TradingNation Don't mess with China fool. TradingNation BITCOIN PUMPS TradingNation They have the nuts to rein in Big Tech unlike the eunuchs in the west TradingNation Second time I uses the word war in a day. So a Cold War with some flavor of cyberattacks? TradingNation good luck
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The First Two Gold Medals Of The Tokyo Olympics Go To China China 's first gold medals came in the women’s 10-meter rifle and 49 kg weightlifting. 5k in 14 days good Ain't nobody watching that shit😂
China has won the first gold medal of the Tokyo OlympicsThe Tokyo 2020 Summer Olympics formally kicks off with the Opening Ceremony after the Games were delayed because of the coronavirus pandemic. Follow here for the latest news on the Summer Olympics. It's Nerf or nuthin. Air Rifle? 🤣😂🤣😂😂😂😂😂🤣🤣🤣😂😂😂🤣😂🤪🤪🤪🤪🤪🤪🤪🤪😵💫😵💫😵💫😵💫😴😴😴. Next events: Slingshot, Mumbly peg
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China unveils 600 kph maglev train - state mediaWATCH: With a top speed of about 372 mph (600 kph), China ’s new maglev train would be the fastest ground vehicle globally Maglev is not a new tech. In most places, it's prohibitively expensive to become mainstream. Yet still more feasible than bullshit hyperloop😂 Cc InfrastructureWeek 🇺🇲