General
China warns of retaliation after New York Stock Exchange delists three major companies
China says it will take necessary “counter-measures” in response to the New York Stock Exchange’s move to delist three major Chinese telecoms, in the latest flare-up of tensions between Beijing and Washington.
Key points:
- The suspensions stem from Donald Trump’s executive order targeting so-called “Communist China military companies”
- China has said it will take “necessary counter-measures” to protect its companies
- The Trump administration has recently stepped up economic sanctions and travel bans against Chinese companies
The stock exchange announced on Thursday that it would delist China Telecom Corp, China Mobile and China Unicom Hong Kong, with trading of the companies to be suspended some time between January 7 and January 11.
The move…
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