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.
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.
Separately, Wang Yi, China’s foreign minister, said on Saturday that Trump’s policies amount to an “attempt to suppress China and start a new Cold War.”
“China-US relations have come to a new crossroads, and a new window of hope is opening. We hope that the next US administration will return to a sensible approach, resume dialogue with China, restore normalcy to the bilateral relations and restart cooperation,” Wang said in an interview with state-sponsored Xinhua News Agency.
President-elect Joe Biden has said the US should work closely with its global allies as disputes with China crop up.
“And as we compete with China and hold China’s government accountable for its abuses on trade, technology, human rights, and other fronts, our position will be much stronger when we build coalitions of like-minded partners and allies to make common cause with us in defense of our shared interests and values,” he said last week in Delaware, according to his prepared remarks.
more recommended stories
Solar Panel business in the US is suddenly in crisis
An ongoing Department of Commerce investigation.
Ray Liotta, ‘Goodfellas’ star and gifted character actor, dies at 67
Ray Liotta, the actor best known.
Merida City Council presented the 2022 Forestry Crusade “In Harmony with Nature”
With the aim of continuing to.
Huge Flamboyán tree falls on top of a car in Ucú, Yucatán
A mother who went to pick.
Photographic essay: Colombia elections, a reality not too far away from Mexico’s
Colombia will host Presidential elections this.
Mérida and San Francisco outline projects to multiply the areas of opportunity
“As a Municipality, we work in.
On the issue of the Cuban doctors in Mexico, AMLO literally said: “Conservatives go to hell!”
Andrés Manuel López Obrador, president of.
Yucatan and Campeche, the states with the highest honey production in Mexico
Within the framework of World Bee.
Is Yucatan ‘running out’ of priests?
“In Yucatan there are around 150.
AMLO meets privately with the owner of Calica
President Andrés Manuel López Obrador held.