This is What Happens When You Trust China

During the past two weeks, billions of dollars have been lost by investors as the Chinese Communist Party has decided to tighten controls on some segments of their economy and it was “discovered” that many Chinese companies on New York and other exchanges had little value. It never ceases to amaze me that so many economist, politicians and business leaders fail to realize that the Chinese Communist Party does not play by any rules other than their own. For decades China has played gullible foreigners for all they are worth and this article points out how investors in many Chinese companies have little recourse, say so or hope of doing anything other than to played as suckers. When will people ever learn? Trusting the CCP is just another version of Russian roulette. https://www.wsj.com/articles/china-education-stocks-vie-variable-interest-entity-emerging-markets-11627575751?mod=opinion_featst_pos3