back to article Someone's not Biden their time... Trump administration bars US investment in top Chinese tech giants

President Donald Trump has issued an executive order "addressing the threat from securities investments that finance communist Chinese military companies," which will bar US-based companies from investing in several notable Chinese technology companies. The order both prevents future purchases of securities and requires …

  1. Anonymous Coward
    Anonymous Coward

    Wouldn't work

    China buys a lot of US debt, US doesn't buy Chinese debt, because China runs at a profit, US runs at a loss.

    Their stock markets are not open to foreigners. Hong Kong was the exception, it was the way you could invest in China.

    https://en.wikipedia.org/wiki/Shanghai_Stock_Exchange

    "The Shanghai Stock Exchange is the world's 4th largest stock market by market capitalization at US$4.0 trillion as of November 2018.[2] Unlike the Hong Kong Stock Exchange, the Shanghai Stock Exchange is still not entirely open to foreign investors"

    So there's a flow of capital, but it's the *other* way, *into* the USA. This EO is promulgating a false reality. It's for show, for PR, not for effect.

    I wonder how it will affect Musk, and his Chinese car venture. I was reading up on Chinese electric buses, powered by Yinglong and its Lithium Titanate battery that can fully charge in 10 minutes to full (40AmpHrs @~2.25v) and discharged in 6 minutes (400A discharge) and runs all the way down to -30 degrees C, 20000 cycles, 25 years lifespan. 99.8% efficient, you can pierce it with a nail and it doesn't explode. It looks like the future to me and I'd never heard of it till I read an article on their electric buses and realized it was mainstream in China.

    Best I can find in English is this guy playing with them:

    https://www.youtube.com/watch?v=kYx097cVR48

    Without Musk you might think their electric vehicle industry would be dead, but that's delusional. They have their own tech.

    Last four years has confirmed the saying: "its always easier to destroy than to build".

    Four years is all it took to go from "World Leader" to "Four Seasons Total Landscaping".

    1. Yet Another Anonymous coward Silver badge

      Re: Wouldn't work

      But with the threat of British sanctions over HK, surely China is finished anyway ?

      1. Sgt_Oddball Silver badge
        Trollface

        Re: Wouldn't work

        I think you missed an icon.

        See above.

      2. bluesxman

        Re: Wouldn't work

        @Yet Another Anonymous coward

        NOT_SURE_IF_SERIOUS.jpg

      3. Anonymous Coward
        Anonymous Coward

        Re: Wouldn't work

        Yes, utterly finished, they will fall under the mighty cannon from our ships of the line!

        What? this is the 21st century? not the 19th?

        What,? we're not a superpower any more?

        Doh!

  2. Anonymous Coward
    Anonymous Coward

    President De-Elect.

    Chortle.

    1. Michael Wojcik Silver badge

      Re: President De-Elect.

      Doesn't exactly roll off the tongue, though. How about President-Reject?

  3. hoola Silver badge

    Executive Orders...

    Maybe the Yellow One could issue an Executive Order that prevents himself from spewing out any more "Executive Orders" or Twatter Tweets and such things....

    1. Boork!

      Re: Executive Orders...

      Plesident Erect Xoe Xiden will expeditiously annihilate the importune ad unseemly meanderings of most dishonourable running dog of Capitalism and insalubrious paper tiger, Orange Man Bad! Soon, all your bases belong to us! Grovel before your new masters!

  4. Pascal Monett Silver badge

    Biden has his work cut out for him

    On top of all the stuff a US President has to take care of, he has a mountain of Trump shit to undo, scrape away and tidy up.

    Honestly, I don't know if Biden will be the best US President, but he will certainly have come after the absolute worst.

    1. fajensen Silver badge
      Devil

      Re: Biden has his work cut out for him

      he will certainly have come after the absolute worst.

      I used to think the George Bush II and Dick Cheney regime was the worst. Then Obama came smoothzing in, took a huge dump right on Nürenberg and then carried right on with all of the cray-cray and crimes that Bush intiated.

      I belive that Biden will folllow "the norms", which is to embrace whatever Donald Trump and his Republican Cennobites got cooking, then embellish on it with enthusiasm and attention to details.

      Democrat policies are "Whatever_the_Republicans_got_away_with" + 5%.

      1. MrMerrymaker Silver badge

        Re: Biden has his work cut out for him

        Amazing not a word in there against Trump.

        1. fajensen Silver badge
          Flame

          Re: Biden has his work cut out for him

          What would be the point?

          I think Donald Trump represents America perfectly, he is the true "Exceptional Spirit of America" purified and distilled into one person, who just happens to "spill the beans all over the Internet" for everyone to see and get upset about. Because, that makes it impossible to ignore.

          I believe that the Biden regime will be equally crass, retarded, war-mongering, hell-bent on smashing up things, rules and countries without any understanding and generally make life worse for everyone not wealthy enough to be a 100 Million USD "Platinum" Donor.

          The Biden regime will just be more sly about its nature than Donald Trump was and, of course, being "Not-Trump, Not-Republican", Biden will be fawned over by compliant and complicit "Media". Making Biden more dangerous than Trump.

  5. Anonymous Coward
    Anonymous Coward

    No problem, in a couple months Biden and his master Commie-la Harris will be sucking right up to the CCP.

    1. John Brown (no body) Silver badge
      Facepalm

      Oh FFS! So many USAians have NO CLUE what socialism or communism is and just repeat what their masters have told them. The Left in the US is seen as centre right in most other parts of the world. Biden/Harris are Socialists? LOL.

      1. Anonymous Coward
        Anonymous Coward

        @John Brown (no body) - Yeah but

        what they don't know scares the crap out of them.

        1. Boork!

          Re: @John Brown (no body) - Yeah but

          Critical Race Theory and the Great Reset, a.k.a the Green New Deal would scare the crap out of any sane person.

      2. genghis_uk Silver badge

        I was saying only this morning that Bernie Sanders would be considered a centrist at worst in Europe.

        Biden is centre-right in the rest of the world but considered a leftist/socialist in the US...

        What the election showed is that 20-30% of the US would prefer a Fascist dictatorship - or if not prefer, then they certainly open to the possibility. Trump ran the US as a CEO not a president for the people, replacing dissenters (even scientists) with loyal 'yes' men.

        Replacing corrupt politicians with corrupt businessmen does not improve the situation - politicians have to compromise* and generally, at least start out with good intentions, businessmen are only in it for themselves.

        *with a few notable exceptions, Sen. McConnell, looking at you

    2. MrMerrymaker Silver badge

      I see why you stayed AC.

  6. Screwed

    So vital to the US that it has taken them four years to realise (in their minds, at least) that it is something the administration should be doing.

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon

Biting the hand that feeds IT © 1998–2021