> Every Chinese company is one recapitalization away from zeroing out the common stock owned by foreigners.
But in practice, wouldn't such an event on X large Chinese company have a cascade effect on stock values of all other Chinese companies?
But in practice, wouldn't such an event on X large Chinese company have a cascade effect on stock values of all other Chinese companies?
They have precedence for cutting down their tech giants and their tuition industry recently.
> tuition industry
Domestic trade doesn't really factor in here.