Comment Re:US investors don't have shares in Alibaba ... (Score 2) 126
My understanding is that Chinese law doesn't allow foreigners to own a Chinese strategic asset.
Yes, which is exactly why China's campaign to make the yuan a major world currency is laughable. People aren't going to buy a currency just so they can buy consumer goods from you, they are going to want to invest it, and current Chinese law pretty much makes that impossible to do in any sort of meaningful fashion. China is trying to "have it's cake and eat it to" by throwing it's weight around like one of the big boys but still being ultra-protectionist like a developing economy. Sooner or later this is going to catch up with them, and it's not going to be pretty.
Yes, which is exactly why China's campaign to make the yuan a major world currency is laughable. People aren't going to buy a currency just so they can buy consumer goods from you, they are going to want to invest it, and current Chinese law pretty much makes that impossible to do in any sort of meaningful fashion. China is trying to "have it's cake and eat it to" by throwing it's weight around like one of the big boys but still being ultra-protectionist like a developing economy. Sooner or later this is going to catch up with them, and it's not going to be pretty.