DiDi Global Inc. DIDIY

China is brewing the countermeasures to require tech products such as vehicles, iPhones, Routers, LEDs, memory chips, aircraft, etc. that access Chinese market need to maintain a minimum percentage threshold of components made in China.

https://amp.scmp.com/news/china/diplomacy/article/3195722/decoupling-china-wrong-answer-says-german-leader

The Biden Administration’s chip export restrictions will eventually damage US semiconductor industry while accelerate the advancement of semiconductor sector in China and outside of US. Why Netherland, South Korea and Taiwan refused US request to impose such restriction measures at the same time? It’s because such restrictions are contrary to the interest of their semiconductor enterprises.

“The state encourages the technological innovations and will dedicate variety of resources to support the technological innovations by whatever market entities in advanced manufacturing, bio pharmaceutical, artificial intelligence, aeronautical and air space, internet platforms, renewable energy, etc.”

“We’ll unswervingly give the market the play of role to determine resource allocations… the state continues to protect the private sectors, private companies and private ownership in the country’s market economic development”, said President Xi in his 72-page report to nearly 2300 party representatives attending the CCP 20th National Congress at the Hall of People’s Congress in Beijing last Sunday.

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“China’s GDP in the third quarter of this year rebounded significantly”, said Zhao, the deputy director of the National Development and Reform Commission at the press conference of CPC 20th National Congress in Beijing Sunday.

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Nuclear war WON’T happen. The cease fire and peace treaty will be eventually signed between Ukraine and Russia when US backed down its support to Ukraine as US wants no atomic bombs dropped on its territory worldwide. FED will discontinue the interest rate hiking when more data come out pointing to recession! Chinese zero-COVID policy will be scrapped by Xi himself once he secures his third term as the top boss of the second largest economy of the world.

More good news are on the way and we’ll see the reverse and big rebound of stock price soon!

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When CCP completes its national congress this weekend, all Chinese stocks will rebound high significantly! $DIDIY $BABA

Back to $3.8 and jump to $7.5 when App released

Still bound to drama played a group of clowns

FST is a FUD spreader