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Business

China says forcing Chinese firms off U.S. exchanges will harm U.S.

  • In a briefing, foreign ministry spokesman Geng Shuang also accused Washington of making hasty generalisations about China-based companies’ accounting practices.
June 05, 2020

BEIJING: China said on Friday that forcing Chinese firms to retreat from U.S. stock exchanges would severely harm U.S. interests.

In a briefing, foreign ministry spokesman Geng Shuang also accused Washington of making hasty generalisations about China-based companies’ accounting practices.

He made the remarks when asked about remarks by U.S. Secretary of State Mike Pompeo warning American investors about fraudulent accounting practices of China-based firms.