China to take 'necessary measures' after US delists three companies from stock exchange

  

Category:  News & Politics

Via:  sister-mary-agnes-ample-bottom  •  4 weeks ago  •  7 comments

By:   Cameron Jenkins (MSN)

China to take 'necessary measures' after US delists three companies from stock exchange
China on Saturday vowed to take "necessary measures" in order to protect its companies following the New York Stock Exchange (NYSE) delisting three Chinese telecom firms for alleged ties to the country's military.

S E E D E D   C O N T E N T



China to take 'necessary measures' after US delists three companies from stock exchange

China on Saturday vowed to take "necessary measures" in order to protect its companies following the New York Stock Exchange (NYSE) delisting three Chinese telecom firms for alleged ties to the country's military.

NYSE announced on Thursday that it began the process to delist China Mobile Ltd., China Telecom Corp Ltd. and China Unicom Hong Kong Ltd., suspending them from trading between Jan. 7 and 11. The move came after President Trump issued an executive order in November prohibiting U.S. investments in Chinese firms regulated by the military, which will go into effect on Jan. 11.

"This kind of abuse of national security and state power to suppress Chinese firms does not comply with market rules and violates market logic," the Chinese Ministry of Commerce said, according to Reuters.

"It not only harms the legal rights of Chinese companies but also damages the interests of investors in other countries, including the United States," it added.

The ministry also asked that the United States would consider compromising with China in order to restore bilateral trade relations, Reuters reported.

The Trump administration has ramped up the increasing strain between the U.S. and China in the final weeks before President-elect Joe Biden assumes office. Earlier this year he signed an executive order allowing the U.S. to blacklist Chinese companies, stating that the Chinese military sought to influence "civilian Chinese companies to support its military and intelligence activities," which he said would cause an "unusual and extraordinary threat" to the U.S.

Chinese officials have said they are hopeful that the incoming Biden administration will be able to ease tensions.

China's senior diplomat Wang Yi said that he believes Biden could usher in "a new window of hope" regarding relations between the U.S. and China, according to Reuters.


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Sister Mary Agnes Ample Bottom
Professor Guide
1  seeder  Sister Mary Agnes Ample Bottom    4 weeks ago

The Trump administration has ramped up the increasing strain between the U.S. and China in the final weeks before President-elect Joe Biden assumes office.

 
 
 
devangelical
Masters Expert
1.1  devangelical  replied to  Sister Mary Agnes Ample Bottom @1    4 weeks ago

under the direction of his lien holder putin, trumpski is going to set as many fires as possible on his way out the door.

 
 
 
Texan1211
PhD Principal
1.1.1  Texan1211  replied to  devangelical @1.1    4 weeks ago

Should everyone assume that you have the usual proof for the claim that Putin is a lienholder to Trump?

None.

nada.

Zip.

Nil.

Zero.

 
 
 
MrFrost
Masters Principal
1.1.2  MrFrost  replied to  Texan1211 @1.1.1    4 weeks ago
Should everyone assume that you have the usual proof for the claim that Putin is a lienholder to Trump?

Eric and Don Jr. have both said on many occasions that they get a lot of money from Putin/Russia. Not really a big secret. 

800

 
 
 
Texan1211
PhD Principal
1.1.3  Texan1211  replied to  MrFrost @1.1.2    4 weeks ago

Wow. Putin controls all the money in Russia now?

I asked for proof that Putin holds liens on Trump loans.

That was the claim made, remember?

Now, do you have anything to offer that might be relevant to my question?

 
 
 
MrFrost
Masters Principal
1.2  MrFrost  replied to  Sister Mary Agnes Ample Bottom @1    4 weeks ago

The Trump administration has ramped up the increasing strain between the U.S. and China in the final weeks before President-elect Joe Biden assumes office.

Trump lost, so now he is throwing a tantrum by trying to screw over the USA for it. It's what happens when you elect a POTUS that has the maturity of a child. 

 
 
 
Nerm_L
Junior Principal
2  Nerm_L    4 weeks ago

"This kind of abuse of national security and state power to suppress Chinese firms does not comply with market rules and violates market logic," the Chinese Ministry of Commerce said, according to Reuters.

Shouldn't such an official statement by the Chinese government be a cause for concern and raise alarms?

 
 
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