12/14/2020, 10:04 AM (Source: TeleTrader)
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FM: Nasdaq indexes ban on Chinese firms is abuse

The United States "abused state power" when it ordered Nasdaq to remove Chinese stocks from its indexes, Beijing's Foreign Ministry spokesman Wang Wenbin said on Monday. He added that the US is harming both international and US investors with the move and noted it won't stop investments in Chinese companies.

"China urges the US government to stop politicizing economic and trade issues and stop wrongful actions of abusing state power and over-generalizing the concept of national security in cracking down on foreign companies," Wang said.

The comments come after Nasdaq removed the China Communications Construction Co, the China Railway Construction Corp, the CRRC Corp and the Semiconductor Manufacturing International Corp. from its indexes.

Breaking the News / VP