Beijing won't retaliate strongly against the U.S. for delisting Chinese companies, analysts say

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The New York Stock Exchange's move to delist three Chinese companies has drawn ire from China, but analysts say Beijing won't likely take significant action.

The move by the NYSE is in line with an executive order signed by U.S. President Donald Trump in November, that

Speaking to CNBC's "Squawk Box Asia" on Monday, he said the order could "reverse course" after President-electHe added that on the Chinese side, Beijing will "want to give the Biden administration an opportunity to really start the relationship anew."

 

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