By JOE McDONALD, AP Organization Writer
BEIJING (AP) — The New York Stock Exchange has withdrawn strategies to delist shares of a few Chinese state-owned mobile phone carriers. The shares have been to be eliminated beneath an purchase from President Donald Trump, a shift Beijing experienced warned might direct to retaliation.
The exchange cited “further consultation” with regulators but its announcement late Monday gave no other particulars.
China’s foreign ministry on Tuesday criticized Washington for “suppressing foreign companies” but designed no direct remark on the NYSE announcement.
The NYSE stated Thursday it would clear away China Telecom Corp. Ltd., China Cell Ltd. and China Unicom Hong Kong Ltd. under Trump’s November get barring People in america from investing in securities issued by corporations deemed to be joined to the Chinese armed forces.
The buy added to mounting U.S.-Chinese tension around engineering, security and spying accusations.
The Trump administration has imposed