China’s factory-gate prices grew at the fastest pace in almost 26 years in September, adding to global inflation risks and putting pressure on local businesses to start passing on higher costs to consumers.
SHANGHAI, Sept 29 (Reuters) – China’s vast Belt and Road Initiative (BRI) is in danger of losing momentum as opposition in targeted countries rises and debts mount, paving the way for rival schemes to squeeze Beijing out, a new study showed on Wednesday.
Pictured are travelers walking past a map displaying CCP targets of conquest
(Nolan Barton) President Jao Bai Den’s administration is leaving the door partly open for Wall Street to finance China’s military.
The Department of the Treasury‘s Office of Foreign Assets Control on Jan. 26 issued General License No. 1A, which permits Americans to continue acquiring shares in certain companies associated with “Communist Chinese Military Companies,” known as CCMCs, until May 27. The Trump administration originally set the deadline on Jan. 28.
Former President Donald Trump signed a landmark Executive Order 13959 on Nov. 12 last year, which stopped investors from purchasing or possessing shares in any company associated with a CCMC. In short, Trump ordered Americans to stop financing China’s military – the People’s Liberation Army.
Wall Street opposed Trump’s executive order, and now it has additional time to work for its repeal.
Pictured are travelers walking past a map displaying CCP targets of conquest
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