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Technology Stocks : Tesla EVs - TSLA

TSLA 405.12

-5.9%

10:45 AM EST

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didjuneau

Fiscally Conservative

To: kidl who wrote (20093)	10/9/2022 2:12:32 PM
From: FR1	2 Recommendations Read Replies (1) of 26662

The way China plays the game: Let's say you have something like cars or semis or whatever, call it item X. Item X is designated by the CCP as something China wants. 1) China welcomes all businesses making item X to come and build factories in China. 2) If they can do it, China demands that 51% of the China company is owned by Chinese (ie CCP) 3) China watches every thing that is done to produce item X. 4) China offers tons of money for local Chinese businesses to produce X and tell them how to duplicate X. 5) After a few years there is a huge renaissance in homegrown producers of item X. CCP used to encourage Chinese businesses to go public and suck money out of the international markets and China refuses to allow Chinese businesses to be audited. Right now, the Chinese car businesses have gotten to the point they are just exploding onto the market. Great article here: reddit.com Our SEC has recently decided to get tough and demand to be able to audit Chinese businesses or be kicked off our exchanges (they are really ADRs so not really on the exchange) and CCP is slowly allowing some limited audits but they declare most businesses, even car ride sharing, to be "national secrets" so no audits. The big move in China now is to move all China businesses to Chinese exchanges like Hong Kong or Shanghai where they don't have the problem of public disclosure. The problem with the whole picture is that in a dictatorship the state (CCP) really owns all the businesses and they can sell anything for any price they wish. So they can undersell anybody.

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