Beijing is scrambling to keep the U.S. from kicking Chinese firms worth $1.4 trillion off Wall Street. But Congress is in no mood for compromise

[SuvarnaTeja]

It's because America is a global free market economy. US doesn't isolate itself from global market like other countries do with price controls.

US ace card is her ability to print US dollars at will while keep it as World's reserve currency.

It has nothing to do she being a free market.

 

[mhosein]

It's because America is a global free market economy. US doesn't isolate itself from global market like other countries do with price controls.

And p!g$ can also fly!!

 

[Hamartia Antidote]

Tell that to the Americans who are paying through their intestines at $6 a gallon of gasoline. If America has so much oil and gas, then why isn't it able to stop the petrol and gas price hikes?

Europe relying on America is good for the corporate mafia of Wall Street, not common Americans. Wake up and smell the coffee, my friend.

We have agreed to play by the world market rules..which means we pay the same price per barrel as every other country on the planet has to pay on the open market. Just like we pay the same for gold or any other commodity.

Of course we can always revoke that...

 

[letsrock]

We have agreed to play by the world market rules..which means we pay the same price per barrel as every other country on the planet has to pay on the open market. Just like we pay the same for gold or any other commodity.

Of course we can always revoke that...

Nothing like that. Oil and Gold are one of the most tradable communities in the world - there is no way any govt can force companies to sell at any price other than international price. any subsidies and taxation come after price. And US taxes too at the gas stations.

 

[kankan326]

US is self sufficient in Oil, Gas and Food. In fact US is capable of exporting to their brothers and sisters in Europe too.

The war in Ukraine is all about Europe relying on the US for Oil, Gas and Food instead of Russia.

Europe relying solely on the US is good for US economic security.

You forgot to mention a very important factor: Price. For EU countries, natural gas from LNG ships is much much expensive than that from Russia's pipelines.

 

[CAPRICORN-88]

Funny it is in fact China that is openly encouraging their firms to be delisted from the US stock exchanges.

Why change the stories the other way?

First Trump wanted Chinese firms out.

Now they wanted Chinese firms to stay and badly.

That is how the US propaganda is spread.

 

[Beast]

The power of the USA

Power of US? I thought US won the trade war against China and make China submit?

I can assure you US media love to write garbage article to boast their US morale. Go ahead and delist and see what happened. If you want to delist, make it quick and dont make me wait too long.

 

[StraightEdge]

If DiDi IPO is anything to go by, I don't think the Chinese regulatory bodies aren't too keen to US listing anyhow.

 

[xuxu1457]

I think the United States really loves China.
Last year and the year before last, US let Chinato buy food and energy day and night, knowing that there would be a war in Ukraine, so that China could prepare early, And in June last year, China and the United States have signed long-term low-cost contracts, and the Liquidated Damages is high. Now China can use the contract to put the US cheap natural gas directly to Europe to earn difference price

At the same time, the United States has asked Europe to reduce its imports of natural gas and oil from Russia in order to allow Russia to concentrate on exporting low-cost oil and natural gas to China.
The United States makes money from Europeans, while China enjoys cheap oil and natural gas, and the cooperation is pleasant.

 

[mhosein]

We have agreed to play by the world market rules..which means we pay the same price per barrel as every other country on the planet has to pay on the open market. Just like we pay the same for gold or any other commodity.

Of course we can always revoke that...

Yes indeed, just like america revoked its gold pegged dollar. 1973 America, like a corrupt politician, cancelled all obligations under the Bretten Woods Agreement to redeem Gold for Dollars.

Reality check, America only plays by the rules when it suits them and not others.

 

[jamahir]

@F-22Raptor, what's the point of Wall Street ? Why should it exist ?

 

[Han Patriot]

We have agreed to play by the world market rules..which means we pay the same price per barrel as every other country on the planet has to pay on the open market. Just like we pay the same for gold or any other commodity.

Of course we can always revoke that...

Ooo wake up cheerleader, your country survives because it is printing money. The moment the world's largest resource country and the world's largest manufacturer stop selling in dollars, you are fcked. Europe produces almost zero resources and Germany the manufacturers depends on Russian gas to survive.

 

[Hamartia Antidote]

Ooo wake up cheerleader, your country survives because it is printing money. The moment the world's largest resource country and the world's largest manufacturer stop selling in dollars, you are fcked. Europe produces almost zero resources and Germany the manufacturers depends on Russian gas to survive.

haha! You do realize your currency is almost worthless outside your borders simply because you have printed as much as you needed to keep your population happy.

Your government trades in hard currencies and then hands the Chinese population worthless kid's play money.

Try going into a Chinese bank and asking them to convert 700,000 Chinese Yuan into a hard currency and your own people will laugh at you and point you to the exit.

 

[S10]

Kick them all off. It will teach Chinese companies a lesson in having false hopes in US market. It would be better than having all their assets frozen and seized in case of future conflicts.

 

[SuvarnaTeja]

You forgot to mention a very important factor: Price. For EU countries, natural gas from LNG ships is much much expensive than that from Russia's pipelines.

US cares about the US not Europe.