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Bullshit Stories Out of Davos

China could completely cut investment into the Silicon Valley, according to the former deputy governor of the People's Bank of China, following intense scrutiny of the world's largest telecom equipment maker.

I just wrote about this several weeks ago, but if you do the math, China's record $3 billion dollar investment in U.S. startups was only about 3% of the $99.5 billion dollars invested, in 2018 (the 2nd largest year on record).

Since then, of course, the Trump Administration has dropped the ban-hammer on technology transfers to China and investment has slowed to a trickle. But it was almost a trickle to begin with.

-- Scrib