Maybe I’m being paranoid, but something more seems to be going on....
Remember Jack Ma ?? Where is he and what’s he doing, he got taken out by the CCP for getting a little to uppity....
For Chinese Regulators to take such harsh action, it had to come from high ups in the CCP, my question is why and are they up to something...
Personally I think all Chinese companies should be delisted from Stock American Exchanges, based on my reading they don’t have to operate with the same Accounting Rules that American Companies do, basically we have take their word for how profitable the companies are because no one can examine their books...
Jack and crew played their hand, like the silicon guys here. The ccp got tired of it and showed them who was boss and under what country they came out of.
It takes 4 months to come to a conclusion to a monopoly charge in China, that would be decades here. China will come out better in the long run by cutting the knees out of the large firms.