$Digital World Acquisition Corp(DWAC)$
Brendan Ahern recently told MarketWatch, "The continued interconnectedness of the U.S. and Chinese economies calls into question the idea that, by investing in U.S. stocks, one is avoiding exposure to China," in an article about President Trump's opposition to the proposed TikTok ban in Congress.
Key Catalysts that may poise the China internet sector for strong performance:
Chinese retail web sales totaled $2 trillion* in 2022 (compared to $1 trillion** in the United States).
China's internet population reached 1.05 billion people in 2022, a penetration of only 74%. The U.S. internet population reached 311 million people, a penetration rate of 93% in 2022.†
Total Chinese retail sales reached $6.4 trillion in 2022†
Online shopping accounted for 25% of retail purchases in China in 2022.
Former U.S. ambassador to Singapore says Chinese military action is ‘very unlikely’
David Adelman, a former U.S. ambassador to Singapore, says that’s because it would “undermine the Communist Party’s desire for stability and the People’s Republic of China’s interest in stability.”
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