China can certainly do that. China can do whatever it wants to. Unlike China that restricts the freedom of others, the west does not restrict China's freedom in doing anything. The west can't anyway cuz it's China that's got the money. Whoever has the $$ has the power to sanction. Whether the trade war has any positive effects on the US economy is yet to be seen. Not all effects are apparent right away; we are in it for the long term. China is not built in one day either.
We are standing on the same side of the political aisle. But doesn't it strike you as odd that it's always the American average consumers who end up paying the price? How many types of assets are American consumers already prohibited from trading in the name of protecting consumers? The elite and corporations always get away with carve outs. It's the average person that is seeing its freedoms eroded and taken away piece by piece.
Same thing with every country in the world. It's always the average people who bears the burden of every policy that their country's leader makes. Nothing new. You think it's really the Chinese leaders who achieved this economic success? No it's every single poor a$$ of average Chinese workers who busted their a$$ to work 70 hours a week, seven days a week for 50 cents an hour that's made all those money for China. At least we are allowed to criticize the government. We are allowed to make fun of our leaders. What can the average Chinese people do? They can't even know the truth. Trust me American people will be fine. It's only in recent years that foreign companies' shares were made available for average Americans to trade. How and what did American traders trade then?
I don't agree. In China middle class wealth is not the same definition of middle class wealth in many other more developed parts of the world. I think we can't even fathom the enormous wealth that the CCP and the elites in China amassed. This relegates Russian oligarchs to the poor house. Most Chinese in the middle class own a TV, a car, a mobile phone and an annual holiday. The homes are all borrowed money that they need to repay for the rest of their lives. Look at the average Chinese wealth as percent of GdP and the American or Japanese or European wealth per GdP or how much citizens of different nations spend per day on average, which is a rough indication of buying power. Nobody in China who is not well connected ever made it from cents a day to riches. https://chinapower.csis.org/china-middle-class/ Half of all Chinese spend around 2-10 dollars a day, lol. Who do you think holds all the wealth? I am not talking about how much worse it was in China before. I am talking about who has all the resources in China today. It's the top elite and the party.
This chart is very misleading and is deliberately understating the amount of wealth of China's middle class. There is NO WAY that China's middle class is the same size as that of Kazakhstan and is smaller than Thailand and even Iran??!! Even Iran has the wealthy class that spends> $50 a day and China has none??!! That is absolutely ridiculous. But even if what the chart has depicted is true then this confirms EXACTLY what I have been saying: It's always the average people who bears the burden of every policy that their country's leader makes. Nothing new. You think it's really the Chinese leaders who achieved this economic success? No it's every single poor a$$ of average Chinese workers who busted their a$$ to work 70 hours a week, seven days a week for 50 cents an hour that's made all those money for China. Thanks for agreeing with me on everything that I post.
I have the HK trading permissions on my IB account, but I do not use them. Last week I think, I got an update requiring me to re-certify my location (not in US), before I could continue to keep this permission. So perhaps this restriction only applies to US citizens or people based in US? I am neither.
All US brokers restricted trading HSI, not just interactive brokers. Here's a notice from AMP: https://support.ampglobal.com/hc/en...8393-Hong-Kong-HKEX-Trading-has-been-Disabled
Holy smokes did this get political fast. While nobody bothered to come back to the thread and update the rest of us that IB now allows trading those indexes again. I have no idea if the sanctions have been lifted or what, but I'm sure the politicos here do.
Much of Europe finds Germany's double standards revolting. There's a reason Poland will never trust Germany to lead Europe because Germany has and will throw anyone under the bus if it's just for cheap gas or a piece of land. Russia annexes parts of countries, Germany goes "here's some money for gas, now you can expand even further". In reality this makes much of Europe seek ties with US and treat the uppity/corrupt Germany/France alliance as traitors.