I saw this news last night .
I do the best I can to translate .
Chinese development & revolution committee : Chinese domestic IF producers’ share of the whole B&M market should be not less than 60% at any time !
According to the document released on 3rd June by the authorities, the Chinese made IF should enhance /upgrade the quality , the brand etc..in order to compete with foreigners.
China also will introduce a black list called “untrusted foreign entities “ - which mainly aim at foreign companies. FedEx express could be the first company being punished . Google , apple , amazon could be the next.
I sincerely hope our scoMo government have a good relationship with China , otherwise ....
If any of the IF being put on that list , the company is basically dead in China .
Doing business is very rewarding in China but also bearing huge risks .
I am still holding my a2m . Didn’t sell 1 share.
Why a2m down 6% today
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$6.72 |
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Mkt cap ! $4.858B | |||
| Open | High | Low | Value | Volume |
| $6.70 | $6.79 | $6.66 | $12.63M | 1.883M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2017 | $6.69 |
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| Price($) | Vol. | No. |
|---|---|---|
| $6.73 | 34385 | 2 |
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