The US government has confirmed that China's two largest companies dealing with technology will not be able to sell products to American companies that receive government subsidies. What? some companies receive taxpayer dollars for their business operations? Are you kidding me? Hmmmm. How does this work? It's a long story, but in brief, smaller US tech companies that are developing promising products rely on government contracts for their business. Some of these businesses sell to China or buy Chinese made components. No more. Regulators recognize the heavy hand of Beijing in the operations of Chinese tech outfits and have now given notice that these companies will no longer recieve taxpayer dollars.
Good morning, Mr. Xi. Have a nice day.
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