(5 Jan 2021) China's foreign ministry on Tuesday criticized the United States for "suppressing foreign companies" but made no direct comment on the New York Stock Exchange announcement that it has withdrawn plans to remove shares of three Chinese state-owned phone carriers.
President Donald Trump last week ordered the NYSE to delist China Telecom Corp. Ltd., China Mobile Ltd. and China Unicom Hong Kong Ltd. to bar Americans from investing in securities issued by companies deemed to be linked to the Chinese military.
In Beijing, spokesperson Hua Chunying of the Chinese Ministry of Foreign Affairs said at a daily press briefing that such "suppression" only reflected the arbitrariness and uncertainty of US financial rules and systems.
Trump's order added to mounting U.S.-Chinese tension over technology, security and spying accusations.
The Trump administration has imposed export controls and other sanctions on some Chinese companies, visa curbs on members of the ruling Communist Party and other restrictions.
Hua said it would have a very limited impact on Chinese companies but would damage the national interest and image of the United States.
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