Slowly but surely politicians in Washington and Beijing are splitting the internet in half, and that is bad news for innovation and technology investors.
The Chinese foreign minister in September announced new initiatives for global data security, clearly aimed at curtailing efforts by the Trump administration to isolate Chinese technology companies.
It’s too little, too late. Investors should lighten up in select technology shares.
For the better part of two years President Trump and his advisors have been intent on killing Huawei, the giant telecommunication equipment maker. Hawks in his administration see the Chinese