It's not that. It's the details behind the Ant Financial IPO.You said it, Chinese companies have the whole of the world including China to do business, the companies in the USA need China to survive and grow. If they really want China to give them some, as a last resort, China can raise the licensing tax for there companies until they end up breaking. If they do this while the USA is in the middle of the election crisis, the damage will be epic.
Since it is out of the jurisdiction of the United States, and will not be using USD for the issuance of shares bypassing the SWIFT, there is nothing the United States can do unless they threaten all the underwriters making the stock offering.
Therefore, nothing will happen.
However, if they really that stupid, and start making it illegal for certain foreign companies to do any transactions that go through SWIFT, that is where the fun starts.
China has nothing to lose if US Dollar hegemony is put at risk, where the United States does have something to lose.
That is why those people who brought up this Ant Financial IPO, those talking heads on TV in America, they shut up.
They don't like that.
Good.