China Is Banning iPhone & Tesla, Foreign Investors Fear Ripple Effects, Apple’s $200B Gone in 2 Days

China Is Banning iPhone & Tesla, Foreign Investors Fear Ripple Effects, Apple’s $200B Gone in 2 Days

China Is Banning iPhone & Tesla, Foreign Investors Fear Ripple Effects, Apple’s $200B Gone in 2 Days

In the past few days, numerous reports are emerging that the CCP has officially prohibited the use of Apple phones in certain areas. 
On September 6th, insiders informed The Wall Street Journal that the CCP has directed central government officials to refrain from using iPhones and other foreign-branded devices during work hours or bringing them into offices.
The following day, Bloomberg cited sources stating that the CCP intends to extend the iPhone ban to state-owned enterprises and government agencies. Moreover, the Financial Times UK disclosed that the prohibition has expanded to include employees at nuclear power plants and hospitals in remote areas.