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Message: Ganfen and LAAC

stanbork:  "if as you opine that the US gov would rather have LAC north america free from Chinese ownership and influence I wouldn't be surprised if Ganfen made a deal to do an exchange with GM after the split."

 

 

Okiedo:  "Exactly.  I do so opine."  I don't know whether the end result will be "free from Chinese ownership" or just designed in such a way to use subterfuge by LAC with the desire to conceal any residual Chines ownership after the split.  I would hope LAC would choose the first option rather than leave it to a non realistic chance that  obfuscation will appease both the U.S. government and existing and future LAC investors, both of the retail variety and of the corporate variety.  The second option would, to use a term that provides intstant recognition and zero chance of being misconstrued:  "patently stupid!"  

i don't think Jon Evans is patently stupid, but time will tell.  It would be a matter of gross negligence on the part of LAC management to attempt obfuscation in order to maintain a Chinese connection to the post split entity emanating from the presently constituted LAC.  Folly would not begint to cover such an attempt and the share price would be like unlevened bread and never rise in the oven of corporate investment measures to increase share price.

Some examples of more recent Congressional sentiment related to the CCP efforts to interdigitate with U.S. companies:

"The Select Committee on the Chinese Communist Party, which was created earlier this year, does not write legislation, but it does have subpoena power and makes policy recommendations.

The committee launched an official investigation last month into US venture-capital companies that help fund Chinese artificial intelligence and semiconductor efforts."

https://www.cnn.com/2023/08/01/investing/china-congress-blackrock-msci/index.html

 

A CNN aricle, updated as recently as 10 August 2023 provides the following quoted material:

"Hong Kong

CNN — 

New constraints on US investments in advanced technology in China will exacerbate a slump in deals between the world’s top two economies and deliver a “major blow” to Chinese startups, analysts and investors told CNN Thursday.

The Biden administration announced Wednesday it would restrict investments by US venture capital and private equity firms, as well as joint ventures, in Chinese artificial intelligence, quantum computing and semiconductors.

The proposed rules are subject to a 45-day public comment period. Then they’ll be turned into draft regulations which are expected to take effect next year. The executive order applies to investments in the cities of Hong Kong and Macao, as well as mainland China."

https://www.cnn.com/2023/08/10/investing/us-china-bans-tech-investment-slump-intl-hnk/index.html

 

 

A quote from an article that appeared in November 2023:

"The 2022 midterm congressional elections in the United States have been characterized by stark, sometimes shrill, partisan disputes on an array of issues, both foreign and domestic. One area that has not featured such a division, however, is policy toward the People’s Republic of China (PRC). Instead, there has been a growing consensus regarding that issue; the only contest appears to be about which party can and will take the harder line toward Beijing. "

https://www.cato.org/commentary/bipartisan-race-be-tough-china

 

One proposed Senate Bill, that did not pass in its proposed form but was incorporated into other legislation that did pass, was 

S. 3326 (117th): Strengthening Protections Against Chinese Printed Circuit Boards Act

 

Dec 7, 2021
117th Congress (2021–2023)
 
Status
Enacted Via Other Measures

Provisions of this bill were incorporated into other bills which were enacted.

This bill was incorporated into:

S. 1605: National Defense Authorization Act for Fiscal Year 2022
Enacted — Signed by the President on Dec 27, 2021. (compare text)
 
The political implications for U.S. and Canadian corporations still wishing to share chopsticks in a Chinese feast are becoming more onerous and potentially more harmful for those U.S. and Canadian companies who want to share the "all-you-can-eat buffet" with their Chinese partners.
 
As I said previously in this post, I do not think Jon Evans is stupid.  He is aware of the geopolitical implications of continuing the present marriage with China and he has correctly filed for divorce from that marriage.  What remains to be seen is whether or not after the official Divorce Decree is rendered will he allow his former Chinese partner to remain under the same roof, whether they share the marriage bed together or she is hidden in the basement.
 
JMO
 
Okiedo
 
 
 
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