Business

A big push to Dragon, the three Chinese telecom companies will remain out of US market share

In the midst of this tension between the United States and China, the dragon has taken a big hit. The three largest Chinese telecom companies will be excluded from the US stock market, meaning they will be listed.

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Among the companies listed on the New York Stock Exchange are China Mobile Limited, China Telecom Corporation, China Unicom Hong Kong Limited. Relations of these organizations have been found with the Chinese military.

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According to the New York Stock Exchange, trading in shares of these companies will be suspended until January 11. Also these companies will start listing.

America and China put pressure

Tensions between the United States and China are now beginning to affect the U.S. stock market. However, enrollment will not affect these companies too much. Because all of these companies are listed separately on the Hong Kong Stock Exchange. But the removal of these three companies from the U.S. stock market shows the growing skin between these countries.

Trump is tough on Chinese companies

Donald Trump was already keeping an eye on Chinese companies. He repeatedly targeted Chinese companies, and in November US President Donald Trump issued an executive order banning security transactions and equipment purchases with the Chinese military. China has since taken action against American companies.

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Trump said in his executive order that China is using U.S. capital to augment its growing wealth and is developing and modernizing its military, intelligence services and other security requirements and has directly challenged the U.S. military. Can go. Trump then posed a direct threat to American security with Chinese companies.

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