Rotation From US Tech to China Tech?
"China is scheduled to have a symposium with the country’s Big Tech firms on the heels of the Politburo meeting on Friday, raising hopes that Beijing will stop its sweeping regulatory clampdown on the tech sector and give internet platforms larger roles to help prop up the ailing economy, according to two sources briefed on the situation"
Finally some great news for China Tech. China Tech valuations are also looking attractive.
A possible rotation from US tech to China Tech?
https://www.scmp.com/tech/big-tech/article/3175971/china-end-regulatory-storm-over-big-tech-and-give-sector-bigger-role
$Dow Jones Industrial Average(.DJI.US$ $S&P 500 Index(.SPX.US$ $NASDAQ(NASDAQ.US$ $Alibaba(BABA.US$ $TENCENT(00700.HK$ $MEITUAN-W(03690.HK$
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Revelation 6 : China is not going to let the internet enlarge and help in the recovery. They’re going to keep grip around its throat. Informed and educated people are a direct threat to the ruling class and the current communist leadership. And they want none of that!
bananarama Revelation 6: ??? speaking english?
Revelation 6 bananarama: Yes, as a matter of fact.
dualipo : perhaps its the other way round- have never seen gov turn on a dime this fast...
amusing Wolverine : fundamental is still economics
102968938 : Xi Da Da wants a good stock market in July for his 14 5 yr plan
102968938 : And to support his chances for a third term
LIANG NEWS Revelation 6: Sensible people, the old Communist Party will do whatever it takes to protect political power, just like the operation during the Cultural Revolution.
Revelation 6 dualipo: Maybe your right. They announced the regulators might be backing off the the big tech companies. Billions of dollars are being lost.