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Scaramucci says China’s Didi crackdown an assault on capitalism, ‘form of political terrorism’

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Hedge fund founder Anthony Scaramucci told CNBC on Wednesday that the Chinese government’s crackdown on Didi Global, just days after the ride-hailing giant went public in the U.S., is “a direct assault on global capitalism.”

“The bad news for the Chinese and the United States now is, if you’re a capital allocator in the United States, the risk premium just went up dramatically in China,” the founder and co-managing partner of SkyBridge said on “Squawk Box.”

Scaramucci’s comments came one day after shares of Didi tanked more than 19% as Wall Street processed a series of regulatory investigations and restrictions facing the company. The stock was down another 4% Wednesday morning in…



Source cnbc.com

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