I think it’s worth distinguishing the CCP and ‘China’. It’s unclear what the threshold for ‘controlled’ means. Apple for example won’t offend the CCP because

I think it’s worth distinguishing the CCP and ‘China’. It’s unclear what the threshold for ‘controlled’ means. Apple for example won’t offend the CCP because of their manufacturing dependence, and market access. Epic is 40% owned by Tencent, which clearly gives the CCP a huge influence and a board seat, but not likely at the level of a company based in China.