July 29, 2021

China has accused Trump of trying to start a new Cold War, after the New York Stock Exchange confirmed plan to delist three Chinese firms

China on Saturday accused the Trump administration of attempting to “suppress” foreign companies, as the New York Stock Exchange moved to delist three China-based firms.

Wang Yi, China’s foreign minister, said Trump’s economic policies amount to an “attempt to suppress China and start a new Cold War.”

“This kind of abuse of national security and state power to suppress Chinese firms does not comply with market rules and violates market logic,” a spokesperson for the Chinese Ministry of Commerce said in a statement, according to Reuters.

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China on Saturday accused the Trump administration of attempting to suppress foreign companies, as the New York Stock Exchange moved to delist three China-based firms.

The delisting came after months of mounting pressure, including an accusation from President Donald Trump that China uses US markets to raise money for its military.

“This kind of abuse of national security and state power to suppress Chinese firms does not comply with market rules and violates market logic,” a spokesperson for the Chinese Ministry of Commerce said in a Saturday statement, according to Reuters.

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