Put ’em in a corner and they will retaliate

Friday October 16, 2020

The technology sector remains the proxy battleground in the latest cold war between the US and China. The latest salvo comes in the rhetoric that China will pass their own laws barring “sensitive exports vital to national security.” As always, the devil remains in the details, and what exactly constitutes ‘vital’ may go with the winds depending on the circumstances. And the volley back by Washington, in this ongoing tit-for-tat diplomacy, looks to be Ant Financial- which generates just five percent of their revenues overseas. Most…