2020 has been one of the most devastating years for the economy, small businesses are struggling, Millions of jobs have been lost but China is sharply focused on making as much money and asset it can before the golden time goes away.
Let be it buying shares from an established business or making the business cut it’s the operation and buying the shares at a lower cost, china has been taking every attempt to take as much power they can.
On June 21st 2020, china’s state-funded Newspaper “Global News” published that PepsiCo’s operations in Beijing have been suspended.
In addition to that, Tyson Food, A company from Arkansas, United States name “Tyson Food” meat polutary imports and have been suspended for its operations as well.
As the operations suspension news went in public, both companies got it’s share downfalls by more than 1.25%.