China Inc is walking the tightest of ropes over Ukraine. This war could accelerate the downgrade of Chinese companies’ global ambitions, says ywchen1
is making investors nervous that something similar might eventually happen in the People’s Republic if tensions between Washington and Beijing escalate. Not to mention if China attempts to forcibly reunify with Taiwan. As internationalised Chinese companies walk the tightrope over Ukraine, their global footprints look less like assets and more like liabilities.- U.S.
- Washington told allies in NATO and several Asian countries that China had signalled its willingness to provide military and economic aid to Russia to support its war, the report added. - The United States could "essentially shut" down Semiconductor Manufacturing International Corp or any Chinese companies defying U.S. sanctions on Russia by cutting them off from American equipment and software they need to make their products, U.S. Commerce Secretary Gina Raimondo told the New York Times in an interview published on March 8.
- TikTok said on March 6 it would suspend live-streaming and new content uploads for Russian users in light of Russia’s new “fake news” law, which threatened jail for those publishing what authorities consider to be false information about the country’s invasion of Ukraine.Editing by Pete Sweeney and Katrina HamlinReuters Breakingviews is the world's leading source of agenda-setting financial insight.