Strong message
Still, Wu was quick to point out that Baogang is moving in the right direction.
Still, it is the permissiveness of regulations, rather than technologies, that will set the pace of the commercial use of this technology, Deng Feng said.
Such restrictions, if taken, may weigh on A-share investor sentiment in the short term but are not likely to cause any major disruptions considering the limited US holdings in A-share assets, said Dong Dengxin, director of Wuhan University of Science and Technology's Finance and Securities Institute.
Still, the Fed is having to maintain a delicate balancing act because some gauges of the economy look healthy. The job market, for example, remains robust, with solid and steady hiring. And corporate earnings have so far been holding up in the face of the global slowdown and trade conflicts. Of the companies in the Standard & Poor's 500 that have reported results for the final three months of 2018, 77 percent have delivered earnings growth that topped Wall Street's forecasts. Some, though, are lowering expectations for 2019.
Such a sweeping ban also undermines the proposed policy's premise, Taylor said, that it is "only targeting the Party, not the (Chinese) people".
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Strategic shift necessary to offset fallout from competition and shrinking orders
Steve Rhodes, vice-principal of NPTC, considered the cooperation a win-win project for both institutions.
Stoddard reportedly told CNBC, who first reported the news, that the decision was in part a result of the length of his commute from Philadelphia to Boston, where Haven is headquartered.
Such demand is particularly strong in fast-growing markets such as Saudi Arabia, Ethiopia, Kenya and Brazil.