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1/2, 11:32 AM (Source: TeleTrader)
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US delisting Chinese firms will not go unanswered - Beijing

China will respond to the New York Stock Exchange's decision to delist three of Beijing's telecom carriers, prompted by the United States government order, the Asian country's Ministry of Commerce announced on Saturday.

China Mobile, Ltd, China Telecom Corp, and China Unicom Hong Kong Ltd. will all be removed from the world's first stock exchange, due to the order signed by US President Donald Trump and aimed at preventing the US citizens' money from going into "companies that help the Chinese military."

Beijing's Foreign Ministry spokesman Zhao Lijian accused the White House of "breaking market economy and fair competition principles," asserting that similar moves hurt the global supply chain.

Breaking the News / BU