China warned on Monday of instability in international markets from any 'de...
BEIJING - China warned on Monday of instability in international markets from any “decoupling” of China and the United States, after sources said the Trump administration was considering delisting Chinese companies from U.S. stock exchanges.
Chinese Foreign Ministry spokesman Geng Shuang said he had noted the reports on delisting and the response from the U.S. Treasury, which said there were no plans to block Chinese listings “at this time”.“Exerting maximum pressure and even seeking the forced decoupling of China-U.S. relations will harm the interests of Chinese and American companies and people, create turmoil in financial markets, and endanger global trade and economic growth,” he added.
The news comes just ahead of celebrations in Beijing on Tuesday marking 70 years since the founding of the People’s Republic of China, at which President Xi Jinping will oversee a massive military parade. FILE PHOTO: Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. REUTERS/Aly Song/File Photo
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