NOV’s ChinaPayments will be worth next to nothing if/ when Biden and Blinken carry through with their threats?
I’d give it a week, of course not just the threats that Biden made towards India, but all the Beijing controlled territories behaving sanctions imposed on them, that is not going to be good for ChinaPayments and by association, NOV.
Visa and MasterCard had to shut off Russia overnight. India, Beijing controlled territories and Pakistan look like they are next? Not great for ChinaPayments?
Ann: Alipay adds ChinaPayments to its app, page-64
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