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The stocks of several Chinese companies are trading lower after a report emerged that U.S. officials are considering banning Americans from investing in
Alibaba Group Holding (NYSE: BABA) and
Tencent (OTC: TCEHY)
.
What Happened: U.S. officials are considering prohibiting Americans from investing in the two most valuable publicly listed Chinese tech companies, according to the Wall Street Journal, citing people familiar with the matter.
The U.S. State Department and Department of Defense officials have been holding discussions on whether to expand its blacklist of companies that are barred from U.S. investments because of ties to China s military.
How to deal with China is the biggest geopolitical challenge facing Britain and the western democracies in 2021 – and one to which they have, as yet, supplied no coherent answer. China’s influence is growing rapidly around the world. It is predicted to overtake the US as the biggest economy by 2028. Its politicians, diplomats and military chiefs exhibit the bullish assertiveness of a new imperial superpower. This, they believe, is China’s.