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> Every Chinese company is one recapitalization away from zeroing out the common stock owned by foreigners. But in practice, wouldn't such an event on X large
by aeonfox 9mo ago
> Every Chinese company is one recapitalization away from zeroing out the common stock owned by foreigners.
But in practice, wouldn't such an event on X large Chinese company have a cascade effect on stock values of all other Chinese companies?
- eru 9mo agoMaybe, but China might not care too much. They have precedence for cutting down their tech giants and their tuition industry recently.
- aeonfox 9mo agoNot buying that. If the most trade-dependent country becomes completely insular, it certainly wouldn't be overnight. > tuition industry Domestic trade doesn't really factor in here.