News Snapshot:
A major Chinese hawk in the US Congress has slammed the US Chinese list following the initial public offering failure of the ride-haling app Didi Chuxing as the blunder gathered scrutiny in Washington. Florida Republican Senator Marco Rubio said it was “reckless and irresponsible” to allow the Financial Times to sell Diddy’s shares on the New York Stock Exchange, which he described as an “irresponsible Chinese company.” “. He added a brutal crackdown on Beijing’s regulations [Stock price fall](//www.ft.com/content/095eb7ac-09ea-4a5c-8253-d8ca2d945614) The IPO will “further emphasize risk” for US investors in Chinese companies. “Even if stocks recover, U.S. investors still don’t have...
