Hope China has the balls to do this to Tesla after Tesla's profits become completely dependent on China.
News on China's scientific and technological development.
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It sure sets the precedent doesnt it?
Plus Space X is a threat to Chinese space programs... they renewable model means lower costs, more customers, then China loses out...
If the US justification against Huawei is that Huawei is eating American lunch at 5G, then surely with the CIA coup of Bolivia depriving China of the much needed Lithium that it had already signed and contracted for and then on top of everything Tesla, a US space force competitor against China, also wants to eat into the Chinese EV market and compete with China there too, and doesn't share any tech (no tech transfer)... then that is all the justification needed to harvest Tesla once they get ripe enough...
Don't worry about Lithium. Its a fairly common metal on Earth, in fact its one of the most common. The Lithium in Bolivia's salts are difficult and not quite as economical to extract without someone willing to throw huge capital into the process. While Evo Morales blames the US for his ouster, the new government nationalized the lithium industry and made sure the lithium industry is at the control of the government by having majority shares over its Chinese partners. The much heralded German deal was killed in November 2019.
Its even worst than it looks. The US is heading into a mortgage crisis once again, because tens of millions of Americans, businesses big and small, are going to default on their debts in a massive wave, and you know what's going to happen with the banks on this one.
NASDAQ has something called an ADR.
This allows for say Americans, to invest in Netease, Alibaba or Tencent.
For some reason I don't see ADR for Huawei, however.
This is going to be all Trumps fault this time, since he pretty much ensured that China will have no stake in helping the US in this particular time and should the US really go down in flames (as you said, a pandemic, unemployment and mortgage crisis all at the same time, along with a trade war as well is a perfect combination to really fuck things up), you can be certain that China will ensure that no US firm can do business in China, just to make things 100 times worse and kill off all those firms which will ensure the US will be absolutely hurt all over. And if the US wants things to go back to normal, they will have to negotiate in good faith with China or else they will really have a Venezuela scenario on there hands (hilariously since they did this to Venezuela and have no guilty in doing so, this is going to be a massive karma wave as well)
Why? US firms bring money and employment to China, and take both out from the US. Quite honestly, US corporations helped in the decay of the US itself, and if China is smart, they will help in the process.
The only thing left of US firms in the US is the headquarters.
US firms are registered in Bermuda, for tax purposes.
US firms have their call centers in India.
US firms have their accounting done in the Philippines.
US firms manufacture in China. And still do despite the rhetoric.