Proof that Beijing really controls Wall Street: NYSE ignored Trump’s executive order to delist China telecoms

When President Richard Nixon normalized relations with China — at the ultimate expense of Taiwan — in the early 1970s, over the next several decades American corporations increasingly saw the populous Asian giant as a piggy bank. Opening markets to more than a billion people was just too much to pass up, so U.S. corporations cozied up to Beijing and, in addition to outsourcing American jobs, sent trillions in American wealth to China.