NYSE To Delist Three Chinese Telecom Giants On Trump Executive Order

The "entity list," which dates back to February 1997, covers a host of businesses, research institutions, and individuals subject to license requirements for the export, re-export and transfer of certain items to the country.

China urged the U.S. side to stop taking "erroneous actions" on Chinese companies in response to the U.S. latest restrictions on Chinese firms. "We firmly oppose the U.S. politicizing economic and trade issues," said Chinese Foreign Ministry spokesperson Wang Wenbin on December 22, adding the move violates international trade rules.

"The U.S. not only harms the legitimate rights and interests of Chinese companies, but also injures the interests of U.S. companies," added Wang.

The Chinese Foreign Ministry also accused the U.S. of “viciously slandering” its military-civilian integration policies and vowed to protect the country’s companies. Chinese officials have also threatened to respond to previous Trump administration actions with their own blacklist of U.S. companies, but have so far failed to do so.

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