Trump looks like making investment in China the real deal.
Stock prices of foreign owned Chinese companies sitting at a fraction of NTA could be a thing of the past.
Trumps demands that China rebalance the trade deficit and clean up their act on foreign investor protection is bearing fruit. They are rushing to introduce new laws in the face of Trumps threat to increase tarifs.
The new law will help China attract more foreign investment and protect foreign investors' rights and interests, Xinhua reported.The law would strengthen intellectual property protection for foreign companies investing in China.It also creates a more level playing field in which foreign and domestic companies would be treated equally in the eyes of the law, and allows foreign businesses in China to freely repatriate their profits
"The National People's Congress, China's rubber-stamp parliament, will vote on the new foreign investment law, during a session scheduled to open on March 5, the official Xinhua news agency reported Wednesday. It is sure to be approved.The speed with which China is enacting the law - Beijing will do in three months what usually takes at least a year - underscores President Xi Jinping's eagerness to reach a deal."
Should be in place just in time for our first dividend. Only need $1m for a half cent dividend.
VMT Price at posting:
6.1¢ Sentiment: None Disclosure: Held
