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Analysts believe the aim of PetroChina is to have a foothold in emerging markets and grow market share locally.

And it came in the middle of the president's latest controversy — accusations of racism by former adviser Omarosa Manigault Newman and his bitter reaction to them. Trump's statement, distributed to reporters, was dated July 26, 2018, suggesting it could have been held and then released when needed to change a damaging subject. The White House later released a new version without the date.

And while Amazon Web Services is the industry leader today — posting a whopping 1 million in operating income on revenue of .8 billion last quarter — Meeks seems to like the opportunity in front of Microsoft (at least in terms of potential upside for the stock).

An unprecedented number of Chinese deals were delayed, or abandoned in 2017 as parties failed to obtain approval from the Committee on Foreign Investment in the United States, which screens FDI for potential national security risks.

Analysts at Bernstein said, "Strategically the deal feels like, after years of deal-making, a first move by Chairman Li Shufu to consolidate his sprawling automotive empire."