{"id":501082,"date":"2022-10-15T15:00:00","date_gmt":"2022-10-15T12:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/warren-buffet-bails-as-chinese-economy-flounders-tensions-rise\/"},"modified":"2022-10-15T15:00:00","modified_gmt":"2022-10-15T12:00:00","slug":"warren-buffet-bails-as-chinese-economy-flounders-tensions-rise","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/warren-buffet-bails-as-chinese-economy-flounders-tensions-rise\/","title":{"rendered":"#Warren Buffet bails as Chinese economy flounders, tensions rise"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a407a6cd5d43\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a407a6cd5d43\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/warren-buffet-bails-as-chinese-economy-flounders-tensions-rise\/#%E2%80%9CWarren_Buffet_bails_as_Chinese_economy_flounders_tensions_rise%E2%80%9D\" >&#8220;Warren Buffet bails as Chinese economy flounders, tensions rise&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CWarren_Buffet_bails_as_Chinese_economy_flounders_tensions_rise%E2%80%9D\"><\/span>&#8220;Warren Buffet bails as Chinese economy flounders, tensions rise&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>It was with\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.wsj.com\/articles\/BL-CJB-10918\">great fanfare<\/a>\u00a0that Warren Buffet\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2008\/09\/29\/business\/worldbusiness\/29iht-byd.1.16552851.html\">paid out<\/a>\u00a0$230 million for a 10 percent stake in Tesla rival BYD.\u00a0\u00a0He had been to the future, and it was China.<\/p>\n<p>Now, 14 years after his initial investment in China\u2019s premier manufacturer of electric vehicles, Buffett is quietly\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/gulfnews.com\/business\/how-warren-buffett-turned-230-million-into-8-billion-with-byd-1.1662169902485\">pulling the plug<\/a>\u00a0on this and his\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-09-08\/legendary-china-bets-unwind-as-buffett-softbank-naspers-sell\">other China plays<\/a>.\u00a0\u00a0It is worth asking why.\u00a0\u00a0<\/p>\n<p>After all, this is the same man who parlayed a small investment into a failing New England textile company called Berkshire Hathaway nearly 70 years ago into a fortune now worth close to 100 billion dollars.\u00a0\u00a0If Buffett is ditching China, it means that, in his view, the risk\/reward ratio has tilted decisively into the red.\u00a0\u00a0<\/p>\n<p>Here\u2019s my take on what I think the aptly named Oracle of Omaha is thinking.<\/p>\n<p>In a few days, the 20th Congress of the Chinese Communist Party (CCP) will open.\u00a0\u00a0Party leader Xi\u00a0Jinping will be supposedly \u201celected\u201d to a third\u00a0five-year\u00a0term, but in reality he will really be locking down his control of China for life.\u00a0\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/warren-buffett2.jpg?w=1024\" alt=\"Buffet, who's worth nearly $100 billion, paid $230 million for a 10% stake in BYD almost 15 years ago. \" class=\"wp-image-24236752\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/warren-buffett2.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/warren-buffett2.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/warren-buffett2.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Buffet, who\u2019s worth nearly $100 billion, paid $230 million for a 10% stake in BYD almost 15 years ago. <\/figcaption><figcaption><span class=\"credit\">AP<\/span><\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/bill-gates-warren-buffett.jpg?w=1024\" alt=\"Buffett and Bill Gates take the stage to salute BYD in Beijing in 2010; Buffet's initial investment is now worth some $7.5 billion. \" class=\"wp-image-24236759\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/bill-gates-warren-buffett.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/bill-gates-warren-buffett.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/bill-gates-warren-buffett.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Buffett and Bill Gates take the stage to salute BYD in Beijing in 2010; Buffet\u2019s initial investment is now worth some $7.5 billion. <\/figcaption><figcaption><span class=\"credit\">AP<\/span><\/figcaption><\/figure>\n<p>The 70-year-old dictator is, like the late Chairman Mao whom he greatly admires, a radical Communist ideologue. This means his decade-long drive to\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/freedomhouse.org\/article\/china-xi-jinpings-third-term-will-mean-dwindling-freedom-14-billion-people\">concentrate all power<\/a>\u00a0in the hands of the state\u2014which is to say<em> his<\/em> hands\u2013will not only continue, but accelerate.\u00a0\u00a0China\u2019s hugely successful private sector will be bled dry, and the\u00a0deadly assault\u00a0on the most productive members of society\u2014people like Alibaba-founder Jack Ma\u2013will continue.<\/p>\n<p>So will Xi\u2019s insane Covid-Zero policy.<\/p>\n<p>After the likely Wuhan lab leak, Xi announced that he was personally overseeing the pandemic response.\u00a0\u00a0And the policy that he settled upon to stop the spread of the coronavirus was to lock down entire cities, even provinces.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/xi-jinping.jpg?w=1024\" alt=\"Chinese leader Xi\u00a0Jinping is set to further consolidate his hold over every element of Chinese finance and politics during the upcoming 20th Congress of the Chinese Communist Party.\" class=\"wp-image-24236763\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/xi-jinping.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/xi-jinping.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/xi-jinping.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Chinese leader Xi\u00a0Jinping is set to further consolidate his hold over every element of Chinese finance and politics during the upcoming 20th Congress of the Chinese Communist Party.<\/figcaption><figcaption><span class=\"credit\">REUTERS<\/span><\/figcaption><\/figure>\n<p>Because the lockdowns are so closely identified with Xi himself, no one in China has dared to criticize this fruitless effort to\u00a0stamp out\u00a0the coronavirus, even as it continues to wreak havoc in the economy.\u00a0\u00a0Indeed, the im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>te imposition of a rigid lockdown as soon as a handful of cases of Covid are detected has become almost a kind of loyalty test for Communist officials, a pledge of allegiance to the new Chinese emperor.\u00a0\u00a0\u00a0\u00a0<\/p>\n<p>Worse yet for China\u2019s economic prospects, a\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-10-11\/china-party-paper-praises-covid-zero-again-dashing-easing-hopes\">new series of articles<\/a>\u00a0in the\u00a0<em>People\u2019s Daily<\/em>\u00a0suggests that the deadly lockdowns, which arguably kill more people than Covid, will continue for several more years.\u00a0\u00a0The official press has been at pains to\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.globaltimes.cn\/page\/202210\/1277038.shtml\">stress the correctness<\/a>\u00a0of the Chinese response, even as every other country on the planet has abandoned it.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/chengdu-sichuan-province-china.jpg?w=1024\" alt=\"Under Ji's watch, China remains the only major nation still in lockdown, a move that is stifling the economy and further eroding civil rights. \" class=\"wp-image-24236770\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/chengdu-sichuan-province-china.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/chengdu-sichuan-province-china.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/chengdu-sichuan-province-china.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Under Ji\u2019s watch, China remains the only major nation still in lockdown, a move that is stifling the economy and further eroding civil rights. <\/figcaption><figcaption><span class=\"credit\">STRINGER\/EPA-EFE\/Shutterstock<\/span><\/figcaption><\/figure>\n<p>It is largely because of these two \u201cC\u201ds\u2014Communism and Covid\u2014that China\u2019s economy is in crisis.\u00a0\u00a0Buffet is undoubtedly aware that\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.imf.org\/en\/Publications\/WEO\/Issues\/2022\/10\/11\/world-economic-outlook-october-2022\">official statistics<\/a>\u00a0show the country\u2019s growth has been cut in half\u2014and the actual situation is undoubtedly far more dire.\u00a0\u00a0The property sector is bust, banks are going belly up, and Chinese consumers are tightening their belts.\u00a0\u00a0The Chinese economy is headed for a very hard landing, as political controls tighten and Covid lockdowns continue. \u00a0<\/p>\n<p>Even without these domestic political headwinds, Buffet is undoubtedly also factoring in recent U.S. actions that will\u00a0further hamstring China\u2019s technological and military advance.\u00a0\u00a0Under the bipartisan\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.commerce.gov\/tags\/chips-act\">CHIPS act<\/a>, the U.S. has just imposed new\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/technology\/us-aims-hobble-chinas-chip-industry-with-sweeping-new-export-rules-2022-10-07\/\">export controls<\/a>\u00a0on semiconductor chips\u2014not just those made domestically but those made anywhere in the world with U.S. equipment\u2014that will make it much harder for China to\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-10-12\/us-chip-suppliers-pull-back-from-china-s-yangtze-after-biden-ban#xj4y7vzkg\">successfully produce<\/a>\u00a0state-of-the-art electric vehicles, cell phones, or computers in the future.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/covid-test.jpg?w=1024\" alt=\"Since the pandemic, China has seen economic growth halved as workers remain stuck at home and unable to keep the nation's factories humming. \" class=\"wp-image-24236773\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/covid-test.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/covid-test.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/covid-test.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Since the pandemic, China has seen economic growth halved as workers remain stuck at home and unable to keep the nation\u2019s factories humming. <\/figcaption><figcaption><span class=\"credit\">ALEX PLAVEVSKI\/EPA-EFE\/Shutterst<\/span><\/figcaption><\/figure>\n<p>Any such attack on Taiwan would dramatically speed up the decoupling of the U.S. and Chinese economies.\u00a0\u00a0The outcome, if not Armageddon, would be to divide the world into two competing blocks, with the U.S. and Europe on one side, facing a hostile China-Russia axis on the other.\u00a0\u00a0The value of Buffet\u2019s investments in China would plummet.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/china-air-force.jpg?w=1024\" alt=\"China recently flexed its military might via a series of menacing fly-overs across Taiwanese territory, which the government considers an inviolable part of China itself. \" class=\"wp-image-24236777\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/china-air-force.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/china-air-force.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/china-air-force.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>China recently flexed its military might via a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> of menacing fly-overs across Taiwanese territory, which the government considers an inviolable part of China itself. <\/figcaption><figcaption><span class=\"credit\">AP<\/span><\/figcaption><\/figure>\n<p>Such sanctions, unseen since the days of the Cold War, raise the specter of open conflict, especially since they will also deny China the ability to import to chips manufactured in Taiwan.\u00a0\u00a0If Xi wants the island\u2019s chips, he will have to take the state-of-the-art chipmaking facilities by force.\u00a0\u00a0His escalatory rhetoric and increasingly aggressive actions\u2014recently sending drones and missiles over Taiwanese territory\u2014suggests he is contemplating just that.\u00a0\u00a0<\/p>\n<p>Even in the absence of open conflict, public sentiment in the West has already turned strongly against China.\u00a0\u00a0It is not just that Beijing likely released a pandemic on the world, killing millions and causing trillions of dollars in economic damage.\u00a0\u00a0The genocide of the Uyghurs, the crushing of a free Hong Kong and its\u00a0support of the Russian invasion\u00a0of Ukraine have all progressively hardened attitudes against China.\u00a0\u00a0Some 82 percent of Americans now have a\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.pewresearch.org\/global\/2022\/09\/28\/how-global-public-opinion-of-china-has-shifted-in-the-xi-era\/\">negative view<\/a>\u00a0of the East Asian giant, with anti-China sentiment running even higher in Australia and Japan.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/3d-integrated-circuit.jpg?w=1024\" alt=\"Recent US sanctions have made it far harder for China to import goods made in Taiwan such as these semi-conductor chips, which are crucial components of China's electric-car industry. \" class=\"wp-image-24236778\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/3d-integrated-circuit.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/3d-integrated-circuit.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/3d-integrated-circuit.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Recent US sanctions have made it far harder for China to import goods made in Taiwan such as these semi-conductor chips, which are crucial components of China\u2019s electric-car industry. <\/figcaption><figcaption><span class=\"credit\">REUTERS<\/span><\/figcaption><\/figure>\n<p>The big box stores of America may still be packed with cheap Chinese goods, but those in the market for a big-ticket electric vehicle probably don\u2019t want to support a genocidal regime that is openly hostile to America.\u00a0\u00a0Add to this the growing anti-CCP sentiment in the US, and BYD may well find itself shut out of\u00a0the American car market in the future, by consumer boycotts, if not by tariffs. \u00a0<\/p>\n<p>Warren Buffet has plenty of reasons to\u00a0take his money and run. \u00a0<\/p>\n<p>And, as always, where Buffet leads,\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-09-08\/legendary-china-bets-unwind-as-buffett-softbank-naspers-sell\">others will follow<\/a>.<\/p>\n<p>Steven W.\u00a0Mosher\u00a0is the President of the Population Research Institute and the author of\u00a0<em>The Politically Incorrect Guide to Pandemics.\u00a0\u00a0<\/em>\n                        <\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it 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Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/10\/15\/warren-buffet-bails-as-chinese-economy-flounders-tensions-rise\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Warren Buffet bails as Chinese economy flounders, tensions rise&#8221; It was with\u00a0great fanfare\u00a0that Warren Buffet\u00a0paid out\u00a0$230 million for a 10 percent stake in Tesla rival BYD.\u00a0\u00a0He had been to the future, and it was China. Now, 14 years after his initial investment in China\u2019s premier manufacturer of electric vehicles, Buffett is quietly\u00a0pulling the plug\u00a0on this&#8230;<\/p>\n","protected":false},"author":1,"featured_media":501083,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/byd-car-show-warren-buffett.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[134170,4973,70760],"class_list":["post-501082","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-10-15-22","tag-china","tag-warren-buffett"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/501082","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=501082"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/501082\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/501083"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=501082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=501082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=501082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}