Climate activist groups have said that criticizing China for its abysmal human rights record is bad for the planet — that calling out the Chinese Communist Party (CCP) for its genocide against ethnic minorities might make Beijing ignore the West’s efforts to roll back CO2 emissions. For years, China has used the West’s worry over…
American investors in Didi and Full Truck Alliance lose over 20% of their investment as Wall Street firms like Goldman Sachs collect their fees selling companies surviving on the whims of China’s Communist Party. Last Wednesday, Wall Street helped Chinese rideshare company Didi raise billions from American investors in a massive Initial Public Offering (IPO).…
Chinese “Uber for trucking” company, Full Truck Alliance (FTA), raised $1.6 billion in an initial public offering in the United States with help from Wall Street banks. While the initial haul is impressive, it is a mere fraction of the $20 billion FTA hopes to raise in the near future. To gain some appreciation for…
On June 8, the U.S. Senate passed the U.S. Innovation and Competition Act of 2021, a bill aimed at countering China on a plethora of fronts, though some of its provisions leave the door open for unstrategic tariff removal. Passing with a 68-vote majority, the bill is now with the House of Representatives where it…