If Americans and other non-Chinese nationals think that they or their mutual funds can own stock in Alibaba and other Chinese companies, they should think again. As Vivek Ramaswamy described well in his Daily Wire+ “New World Disorder with Vivek Ramaswamy” interview on 17 September 2022 by Ben Shapiro on Ben’s The Search interview series, variable interest entities (VIEs) are what non-Chinese nationals actually are holding. VIEs are not shares of stock and do not represent partial ownership of a company. Instead VIEs are illegal under Chinese law and are subject to the whims of the Chinese Communist Party, which can make them worthless to the tune of two trillion dollars, according to Vivek. That would make the 23-billion-dollar FTX bankruptcy look like child’s play.