That anyone would be surprised by this news is unbelievable. The Chinese government has forced all foreign companies that collect market and enterprise data to shut down. This happened in early 2023, foreign investors who would normally consider China cannot invest because they don't have the information necessary to inform their boards of market conditions.
I was speaking to Peter my ex-colleague and he was telling me that the word has, for a year at least, that it's pointless to present Chinese investment deals because everyone knows you cannot convince the boards. Well, the deals that were approved in 2022, and early 2023 have all been done now, what we are seeing is the death of investments because buyers and investors cannot get the necessary information.
I repeat this twice because it strains credulity that this outcome has not been understood by the Chinese. No one plays in the domestic bond market for the same reason, there's no data, and all foreigners have been sellers of domestic bonds. They are not even thinking best price they just want to get out.
I fully understand the logic employed by the Chinese government, but since they don't care about private investment...you knew it was the end when Berkshire sold BYD. They had no choice, they knew that eventually that market too with be contaminated. The Chinese solution for the past two years has been not collect data and prevent others from collecting information that could harm the country's image.
You don't like the answer make sure the question is never asked.
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