China vows to take necessary action after US delist China’s telecoms

A spokesman for the World Trade Organization (MOFCOM) said China would take appropriate measures to protect the interests of Chinese companies. The New York Stock Exchange (NYSE) announced on Thursday that it will begin rolling out three of the largest telcos in China, including China Telecom Corp. Limited, China Mobile Limited, and China Unicom Hong Kong Limited. The NYSE said the move was in line with U.S. President Donald Trump’s order banning so-called “Chinese military partners.”

China’s Ministry of Commerce said the announcement was “a violation of national security” as well as “inconsistency with trade rules”, which would hurt not only the rights and interests of Chinese companies, but the welfare of the people. invested in several countries, including the US, and put an end to all other confidence in the US capital market. China will take appropriate measures to protect the interests of Chinese companies, according to the report.

“Meanwhile, we hope that the US and China will meet and work together to create a more stable, stable and transparent business environment for companies and individuals. invest in both countries, and promote international relations and trade as soon as possible. is possible, “said MOFCOM. Washington’s move to block Chinese companies from listing in the United States is a” personal violation, “which may not be good for the United States because the move reduces the work of one of the companies. the country’s most powerful figure, Fang Xinghai, chairman of the China Securities Regulatory Commission (CSRC) said in a private conversation with CGTN’s BizTalk.