Before the Coronavirus, most of the stocks and stakes in investment projects at “Technology and Chemicals” production plants in China were owned by European and American investors!
According to American and European investors, the Chinese leadership used an “economic tactic” that made everyone swallow the bait easily. The Chinese leadership asserted that China did not resort to implementing a high political strategy to get rid of European investors, in support of China’s economy, which would bypass the US economy with this step!
European and American investment financiers realized that they had been deceived as the shares were in the hands of the Chinese government, which conveniently nationalized most of the foreign companies erected on its soil in a near-free manner, without causing a political crisis or firing a single shot!
There was even widespread news that China was unable to purchase masks to prevent the spread of the deadly virus. These rumors and the Chinese President’s statements that he is “not ready to save the country from the virus” led to a sharp drop in the purchase prices of shares of technology companies in China, and the empires of “foreign” investors raced to offer investment shares for sale at very low prices, never before seen in history!
Beating all other economies with its crafty game of Chinese checkers!
President Xi Jinping’s business acumen surpassed Europeans and intelligent American Democrats. He played a diabolical game beating all other economies with his crafty game of Chinese checkers!
China during the early period of pandemic bought about 30% of the shares of companies that belong to the West in China.
Due to the situation in Wuhan, the Chinese currency began to decline, but the Chinese Central Bank took no action to stop this collapse. Also, rumors following Xi Jinping’s statement that he is ready to protect Wuhan residents by blocking borders led to a sharp decline in share prices (44%) in Chinese technology and the chemical industry.
Financial sharks began selling all Chinese stocks, but no one wanted to buy them and they were completely devalued.
Like Nero played the fiddle when Rome was burning, Xi Jinping made a great move at this time, waiting for a whole week and smiling at the press conferences as if nothing special had happened.
And when the prices fell below the allowed limit, he ordered to buy all the shares of Europeans and Americans at the same time!
Then, the “financial sharks” realized that they had been cheated and declared bankrupt.
But it was too late because all the shares had passed to China, which at this time not only earned $ 2000 Billion but thanks to the simulation, once again become the majority shareholder of companies built by Europeans and Americans.
The shares now belong to their companies and have become owners of the heavy industry on which the EU, America and the entire world depend.
China will be in the dominant position to set the price, and the income of its companies will not leave the Chinese borders but remain at home and maintain all the Chinese gold reserves.
The American and European “financial sharks” were shell-shocked and in a few minutes, the Chinese collected most of their shares, which now produce billions of dollars in profits!
You don’t remember such a coup in the history of the stock market!
Was it the queen’s gambit or some other crafty CCP move?
Anyway, it was Checkmate for the world.
But, Checkmate for the world was short-lived until some countries decided to turn the tables on China and have the last laugh!
Watch this video: 5 ways the world is cornering China
The Backlash!
If China refuses to come clean, then all major economies will start restructuring their relationship, by economically distancing themselves from it, through new tariffs, non-tariff barriers, relocation of manufacturing, and other policy moves. Eventually, it will lose its status as the global hub of vital supply chains. China’s greed for expansionism has already led to new regulations in the European Union, Australia, Germany, Spain, and Italy. But India’s recent new rule mandating prior scrutiny of Chinese investment in any form is the first of its kind.
Japanese government proposes to allot 220 billion yen ($2 billion) to firms for shifting production back to Japan and 23.5 billion yen to companies seeking to move manufacturing base to other countries
The world wants China to payback
The number of countries criticizing China for its handling of the pandemic crisis is growing. European powers like Germany, France, the UK, and the US have launched criticism at China after findings have surfaced that China may have covered up the outbreak.
Germany’s largest tabloid newspaper, Bild, joined this attack by drawing up an itemized invoice for Euro 149 billion (130 billion pounds).
China instead has turned the narrative around steering it from a story of incompetence and failure into one of victory over COVID19 and gloating over countries that depend on it for medical aid, demanding gratitude with economic threats.
The government of China talks with impunity because it knows it is protected by the doctrine of sovereign immunity, and it can’t be held accountable for its crimes and misdemeanors.
Other articles by Suren Rao