perhaps the >50% miners can jointly decide per BTC governance to attach RMB 1.00 to each BTC, and attach RMB 100,000,000 One-Belt-One-Road debt to same BTC, to compel authorities everywhere else to decide whether they wish to fund China infrastructure program by continuing to allow BTC trade, or prick BTC bubbles w/I financial arena in order to deny CCP the financial engineering sweetener
at the same time ramp BTC mining computer export cost by 100% to make sure >50% of the BTC miners stay w/i Team China domain, and
... there might be a few other tack-ons to BTC that would skew the playing field just for the heck of it, to essentially turn BTC into rare earth -esque stuff that together serve to hiccup a lot of currencies, holding financial markets hostage
In the meantime I am not pleased that the Biden Team is hiccupping a China ADR correction that would benefit the Greater Good in Freedom Hong Kong. Very bad form, making decisions before proper time
Unclear to me why suspect WSJ is blaming Biden Team whilst the Trump Team is still in place
zerohedge.com
Chinese Tech ADRs Surge: WSJ Reports Americans Will Be Allowed To Invest In Alibaba, Tencent And Baidu After All
Joe Biden hasn't even been officially sworn in and China is already calling the shots.
After weeks of confusion whether US investors would be barred from investing in Chinese gigacaps, moments ago the WSJ reported that the U.S. government - under Joe Biden - is expected to let Americans continue to invest in Chinese tech giants Alibaba, Tencent and Baidu "after weighing the firms’ alleged ties to China’s military against the potential economic impact of banning them."
Until today, the New York-listed Alibaba and Baidu, and Hong Kong-listed Tencent, were among a dozen companies being examined for inclusion in a Defense Department list of firms deemed to support China’s military, intelligence and security services, with U.S. investors having until November to divest their holdings of any firm on the list. But as a result of unknown backroom dealings, the U.S. no longer plans to add the three firms to the list. Instead, nine other Chinese companies will be added, as well as more than 100 subsidiaries of companies already on the list.
According to the WSJ, the decision caps off "a weekslong battle that pit Treasury officials, who feared widespread selloffs and economic fallout, against State Department and Pentagon officials seeking a tougher line against Beijing."
What it really caps is any debate as to who really will call the shots in the Biden admin, as capital inflows has long been a critical requirement for the Xi Jingping empirial regime, and any capital control limitations could potentially have dire consequences for China which, as part of its transformation to a fully Americanized society, is desperate to keep foreign capital coming in.
Up until Wednesday morning, many in the State Department and Pentagon believed that they had a compelling case for the companies to be included once administrative kinks were ironed out, said the people familiar with the matter.
The additions to the list will be submitted to Congress and released publicly as soon as Wednesday, the WSJ reported, citing two sources.
In kneejerk response, the ADRs of the three stocks surged as one would expect. |
