Stocks, Yuan Tick Lower As Senate Passes Bill That Could Force De-Listing Of Chinese Companies | WHAT REALLY HAPPENED

Stocks, Yuan Tick Lower As Senate Passes Bill That Could Force De-Listing Of Chinese Companies

Update (1240ET): As the Senate vote gets a broader airing on newswires, Chinese tech stocks - including Alibaba, Baidu & JD.com - are taking a beating.

Until very recently, analysts have mostly been in the lookout for signs that the administration was following through on threats to restrict portfolio investment flows into Chinese assets. But this bill - which now passes to the House - would almost be more extreme, if it had passed.

The CCP's leaders including President Xi are probably dedicating massive intelligence resources to try and discern how much of the White House's belligerent rhetoric toward China is just that - talk - and how much represents serious plans for action.

Well, after President Trump raised the prospect of delisting Chinese companies from US exchanges last week (around the time that Carson Block unveiled his latest bet against a "fraudulent" Chinese Co. trading in the US).

Webmaster's Commentary: 

This situation is devolving very badly and very quickly; I would like to hope that President Trump is using every diplomatic possibility to change course here, because trade wars.... can very quickly turn into actual shooting wars.

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