BEIJING — China said Saturday that it would take necessary countermeasures in response to the New York Stock Exchange’s announcement that it would delist three major Chinese telecoms, in the latest flare-up of tensions between Beijing and Washington.
The move stems from an executive order President Donald Trump issued on Nov. 12 barring investment in publicly traded companies that the U.S. government says are owned or controlled by the Chinese military. The actions will also “greatly weaken all parties’ confidence in the U.S. capital market,” the statement said.Under Trump, the U.S. has stepped up economic sanctions and travel bans against Chinese companies, government officials and Communist Party members, especially recently in Trump’s last few weeks in office.
Chinese tech giant Huawei has been shut out of the U.S. market and the U.S. has lobbied other countries to follow suit, albeit with mixed results.Estimated 140 GOP members of House also to claim voter fraud despite lack of evidenceU.S. officials are reportedly privately worried Russia stole blueprints for U.S. blackout restoration