Somehow, I don’t think the CPC strategists are overly concerned about the global financial community’s sudden addition of China to the uninvestable zone that includes Russia and Iran:
Investors may want to think twice about putting their money to work in China, contends DoubleLine founder Jeffrey Gundlach.
“China is uninvestible, in my opinion, at this point,” the bond king told Yahoo Finance in an interview at his California estate. “I’ve never invested in China long or short. Why is that? I don’t trust the data. I don’t trust the relationship between the United States and China anymore. I think that investments in China could be confiscated. I think there’s a risk of that.”
The ongoing crackdown on the operations of big Chinese internet companies such as Didi by the government has rocked investors in the space. The clamping down on the country’s biggest tech names has now led to a tightening of listing requirements by the Chinese government
The Chinese have long understood the corollary to the Golden Rule: the only way to prevent those with the gold from making the rules is to refuse to accept it.