Disney, Apple and other US companies may face major problems as they leave the Chinese economy. About this agency declaration Republican Congressman Mike Gallagher, Chairman of the Committee on Strategic Competition with the Communist Party of China and the US House of Representatives.
“Apple is at the center of the most challenging aspect of competition, which is that companies with a strong presence in China will have to accept the fact that some sort of selective economic divergence is inevitable,” Gallagher said.
According to him, although there is a certain increase in tension, relations with China will not be broken in the near future. However, instead of a break, there may be a “selective split” in the form of a number of supply chains pulling out of China, which will increase business costs.
He added that American companies want clear guidance on which areas of the Chinese economy should be avoided. At the same time, almost all companies supported restrictions on investment in the development of Chinese artificial intelligence, quantum computing and other dual-use technologies.
March 5, Mark Mobius, founder of Mobius Capital Partners declarationHe said potential investors in China’s valuable assets should be “very, very careful” because of potential problems with withdrawals from the country. Local authorities have made “crazy” requests to provide data on the origin of money, for example, over the past 20 years.
Source: Gazeta
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