NBA’s suspension – will it result in a global reluctance to invest in China?
In response to Houston Rockets’ general manager Daryl Morey’s quickly-deleted pro-HongKong protest tweet, China Central Television, as well as those used-to-be-sponsors of the team from China, hurriedly announced to cease all the cooperation, in terms of both finance and media coverage, with the Houston Rocket. However, the boycott has fermented to a stage where the NBA is now totally banned in the country from broadcasting to e-commerce as Morey refused to apologize and the association released an ambiguous statement without any clarification of its political stance. Even the tech giant Tencent has cut off its tie after paying the latter $1.5 billion in exchange for the exclusive rights to stream NBA games in China. English media has been using their harshest tone criticizing the Beijing administrative for applying its brutish influence over foreign businesses operating in China, and some are even predicting that it could be an end to the growth of international investments in China since the government can be perceived as having too great a hand in business for political purposes.