What do you guys make of what is going on in China? Xi
Jinpin sure woke up last October when Jack Ma made some remarks
that pissed him off.
Now the regulations have swept across many Industries, and it is
still unclear to me if Xi has his people’s best interest or
his own interests. Time will tell, I guess.
From an investing perspective, what is going on over there makes
it extremely risky to put too much money
there.
Recently, the Chinese government has tried to calm the waters,
but today they have gone after the online gaming industry, so
Tencent took an additional hit. So it seems they
are unable to contain their “I know better”
attitude. Big brother is watching you way of
controlling their country. So to speak.
Xi has made China uninvestable, at least until the waters
clear, and from what I can see it seems it could be a while
yet.