Who is really playing the game?
The Trump administration has decided that the listings of China Mobile, China Unicom, and China Telecom must stop in January 2021. It’s expected that President Joe Biden will not change this action. Reason is that these Chinese multinationals are connected and controlled by the Chinese Army. The market value of these three telecom companies dropped in December 2020 with US$ 50 billion. A similar decision has been taken on Huawei last Summer, however also in the UK, Sweden and Australia.
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