The hidden information in the New York Times report was that, under instructions from Morgan and Sequoia, Pfizer and Roche had poached nearly all of Guangjia Technology's researchers.
This was clearly malicious competition. Moreover, they had not revealed the technology's potential for warfare.
To outsiders, it was understandable that China barred foreign capital because its technology was advanced. American companies' technologies and products likewise could not be exported to China. Both sides gave as good as they got, with reciprocal measures.
But without the hidden information, even Chinese people would have felt that arresting people was unreasonable.
That was the power of public opinion. Hiding information did not mean telling lies; selectively blocking out content could produce an entirely different public response.
(The recent case of the Mercedes owner smashing up a car was a classic example.)
"Whenever we invested before, we said that these companies with 'technology' in their names had no core technology at all. We were always criticizing them for lacking innovation and innovative capability.
"Now that a company with genuine core technology has appeared—technology so valuable that foreign capital is fighting to invest in it, throwing around tens of billions of RMB without batting an eye—we don't even have a chance to invest because it's too core."
Two weeks later, at a teahouse on Yanjing Financial Street, Chen Hongyi invited Fang Huiyu out for tea. Tea was secondary; complaining was the real purpose.
As financial elites, veteran investors with years of experience, and people who had personally witnessed the events, they could piece together most of what had happened based on the subsequent news.
Especially after news of the agreement between the State Investment Corporation and Guangjia Technology was posted on the former's public account, Chen Hongyi became even more depressed. A diamond he had finally