That's a huge amount of money and will dramatically and negatively impact the public pension funds.
It's not about the tech, it's about the economic war between China and the United States. At the same time, the CCP is exerting it's authority over these companies to tighten it's control.
I personally suspect that China wanted to get a jump on the effort and in turn force U.S. pension & hedge funds to lose $400B.
https://www.wsj.com/articles/investors-rethink-china-bets-af...
That's a huge amount of money and will dramatically and negatively impact the public pension funds.
It's not about the tech, it's about the economic war between China and the United States. At the same time, the CCP is exerting it's authority over these companies to tighten it's control.