DirectorAnnie

National Development and Reform Commission: Make an investment prohibition decision on foreign investors’ acquisitions of the Manus project in accordance with laws and regulations
Manus’s $2 billion has now gone down the drain—Meta has very likely already obtained some technology, and the “only-refund” backlash is also blowing over to Zuckerberg.
Founders Xiao Hong and Ji Yichao shouldn’t think that moving the company to Singapore will allow them to get away—so long as the core technology is developed within China and transferred abroad, that’s still technology export!
If the country doe

I just discovered that Alipay has a global investment module, where you can invest a minimum of 10 yuan in the S&P 500, Nasdaq 100, U.S. bonds, oil and gas, Japanese, and Indian stock markets.
The purchase fee rate is only 0.16%, with 16 yuan deducted for 10k yuan, much cheaper than China Merchants Bank's 1.2%.
However, there is an annual management fee of 1.2% and a custody fee of 0.2%.
U.S. stock broker CRS tax is 20%, but this is subsidized and tax-exempt.
Over the past 100+ years, the S&P 500 index has an annualized return of about 10%, after deducting inflation it still reaches 6-