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Unfortunately Darwin reigns supreme and their is no justice for weak.
The Nasdaq Golden Dragon China Index, which follows the 98 biggest US-listed Chinese stocks, has fallen by almost 15% in the last two trading sessions.
The index has now plummeted by more than 45% since hitting a record high in February.
The slump comes after a series of crackdowns by Beijing on its technology and education industries.
This has led to around $770bn (£556bn) being wiped off the value of US-listed Chinese stocks in the last five months alone.
China wants to be a manufacturing-based superpower, not a financialized one (like the US).
It takes DECADES to build up a decent blue water navy.
I don't agree. Most of what we import from China we don't really need.
US can produce antibiotics too.
China quietly sets new 'buy Chinese' targets for state companies
WASHINGTON, Aug 2 (Reuters) - China's government quietly issued new procurement guidelines in May that require up to 100% local content on hundreds of items including X-ray machines and magnetic resonance imaging equipment, erecting fresh barriers for foreign suppliers, three U.S.-based sources told Reuters.
https://www.reuters.com/business/aerospace-defense/china-quietly-sets-new-buy-chinese-targets-state-companies-us-sources-2021-08-02/China quietly sets new 'buy Chinese' targets for state companies
WASHINGTON, Aug 2 (Reuters) - China's government quietly issued new procurement guidelines in May that require up to 100% local content on hundreds of items including X-ray machines and magnetic resonance imaging equipment, erecting fresh barriers for foreign suppliers, three U.S.-based sources told Reuters.
The Chinese are pretty smart. That's why they got all the factories. That's what gives them power over America now.
- Jeff Bezos
- The Walton family
Who else should be in prison for treason?
https://notthebee.com/article/take-a-look-at-how-china-has-absolutely-crushed-the-us-in-world-trade-in-only-20-years-