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muntik na si Ate...#traffic #pedestrian #road #crossing #short
muntik na si Ate...#traffic #pedestrian #road #crossing #short
China is not messing around. If you think that the Chinese government will let a meeting between President Donald Trump and the Taiwanese president go without a response, you'd be wrong.
China has already issued a statement saying they would not accept the meeting, but they have also stated that it is up to President Trump whether or not he wants to meet with President Tsai Ing-wen.
If Trump does decide to meet with her, China is prepared to retaliate by limiting US exports of rare-earth metals—a resource critical to many industries in the US.
The US has also threatened sanctions against Chinese telecom giant Huawei, which is said to be involved in developing 5G technology.
So what should you do if you're in China right now? Well, don't worry too much about it because there's nothing you can do about it anyway. But just know that if things get crazy, at least one of your favorite brands has been targeted: McDonalds!
China is retaliating if President Donald Trump meets with Taiwanese President Tsai Ing-wen, according to the Wall Street Journal.
The news comes as China’s national legislature has passed a new law that will require private companies to disclose their source of funds and any business deals they make with foreign entities. The regulation also requires public companies to disclose their code of conduct, annual reports and audited financial statements.
These regulations are part of a plan to curb capital outflows and stabilize the country's currency exchange rate after years of rapid growth that saw the yuan rise in value by over 30% against the dollar from 2010-2017.
Did you know that China is targeting a bitcoin exchange in retaliation for the US government's plans to meet with Taiwanese president Tsai Ing-wen?
Ooh, burn.
According to a report from Reuters, last week, regulators issued a notice to Binance that they would be targeted if the company met with Tsai. The move comes just days before President Donald Trump is scheduled to meet with the head of Taiwan's government.
It's not clear if this is a direct response to the meeting or just part of an ongoing crackdown on digital currency exchanges around the world. Either way, it's no laughing matter: Binance has been hit hard by this crackdown recently, losing $31 million in its first quarter. It's been reported that regulators are looking into several other exchanges as well.
In case you're wondering what this means for you as an investor or trader—don't worry! It doesn't affect your ability to buy and sell bitcoin directly through exchanges like Coinbase or Gemini. You'll still be able to deposit money into your account and buy and sell coins just fine!
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