underestimating development: Why Because they are playing with fire and seriously underestimating the development of China's manufacturing industry and companies, according to Global Times China. The news that the Trump administration is considering delisting Chinese companies from US stock exchanges seems to be the latest attempt at a decoupling. Photo Xinhua Some fanatical US hawks need to take a closer look at what the Chinese economy has achieved over the past 70 years, instead of devising crazy ideas about a US-China decoupling. The move is said to be part of a broader effort to limit US investment in China. Alibaba sank 5.15 percent, JD was down 5.95 percent, and Baidu Inc declined 3.67 percent. Major US stock indexes fell following this news on Friday, with US-listed shares of Chinese companies tumbling.
(news.financializer.com). As
reported in the news.
Tagged under underestimating development, us-china decoupling topics.