China facing conflicts with US & Australia
Huawei is back in the limelight as the US ramps up its battle against the Chinese telecom giant with new measures to block shipments of semiconductors from chip makers to Huawei Technologies. Tensions between China and Australia are also on the rise. Beijing is restricting imports like beef in what some see as a retaliatory measure against the Australian government’s support for an international probe into China’s role in the novel coronavirus pandemic. Plus, with nations around the world printing massive amounts of currency, many investors are looking for safe havens. Traditionally, safe-haven investments are assets such as gold and silver. But over the past few years, bitcoin and other cryptocurrencies have won more and more attention from investors.
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