State of Mankind

US money tapped for Pacific undersea cable; Is China still investment-worthy? | China in Focus



For years, Western investors have almost forgotten something that they’re now being reminded of the hard way—that China is a communist country. Recent moves by Chinese authorities have sent #ChineseStocks plummeting—washing away billions of dollars and causing many to question: is China still investment-worthy? #UnderseaCable concerns—An island-country in the western Pacific Ocean plans to tap U.S. funding, to construct communication cable stretching along the ocean floor. This, after the nation rejected a Chinese company-led proposal over security threats. And the European Union may be seeing a “historic leap” forward in its relationship with Taiwan.