Send a Tweet
Most Popular Choices
Share on Facebook Share on Twitter Share on LinkedIn Share on Reddit Tell A Friend Printer Friendly Page Save As Favorite View Favorites
General News

Why Silicon Valley is worried about US plan to curb Chinese funds

Quicklink Submitted By   Follow Me on Twitter     Message Susan Lee Schwartz     Permalink    (# of views)   1 comment, 3 series

Related Topic(s): ; ; , Add Tags

View Ratings | Rate It Headlined to H4 11/10/18

Author 40790
Become a Fan
  (23 fans)

Amid growing concerns that China is creeping closer to becoming competitive with the US tech industry, a new pilot program will grant the government increased ability to intervene into lucrative foreign investments in Silicon Valley.While it’s unclear how drastically they will be applied, the new rules are causing concerns among industry insiders. They fear that it could cool a US tech market fueled by foreign investment, and that the president will use them as political leverage in his ongoing trade war. “There’s know-how, there’s knowledge, there’s secret sauces, and the way you get that is by buying companiesThe Chinese shifted their strategy a couple years ago, to ‘let’s just buy companies and we don’t have to go through all this.’ That’s what the bill is intended to block.”

Read the rest of the story HERE:



- Advertisement -

View Ratings | Rate It

I began teaching in 1963,; Ba and BS in Education -Brooklyn College. I have the equivalent of 2 additional Master's, mainly in Literacy Studies and Graphic Design. I was the only seventh grade teacher of English from 1990 -1999 at East Side (more...)

Susan Lee Schwartz Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines
Related Topic(s): ; ; , Add Tags
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
   (Opens new browser window)