World countries in fear..! Problem between America and China..?

It seems that the problem between the united states and china has started to take shape again. Already, due to the problem between the united states and china, many problems broke out during the presidency of the former president of the united states, Donald Trump. A series of trade embargoes were imposed. international experts have warned that it will become a global problem.
In this situation, after Joe Biden was elected as the new president, these problems came to an end in a way. However, during that period, there were many measures such as trade sanctions against china, a ban on Chinese companies in the united states, a ban on Chinese apps, and delisting from the stock market. It is only now that many of these problems have started to settle down. However, china has publicly warned that if the US supports Taiwan, it will have to retaliate.The US move comes weeks after similar threats from China. Let's see what kind of action this will cause to China. It has also been announced that 5 state-owned Chinese companies, including China's leading energy company, will be delisted from the US stock market by the end of this month. Companies including china Life Insurance, PetroChina, Sinopec, Aluminum Corporation of china, and Sinopec shanghai Petrochemicals are expected to be included in this list. It has been reported that these 5 companies are going to be delisted from the NYSE.It is said that these companies are exiting amid several problems such as low turnover in the US and high administrative burden and high costs. The china Securities Regulatory Commission, a china security watchdog, said it is monitoring the situation. It also stated that it is normal for companies to list and delist from the stock market.In the united states, there is a rule that companies can be delisted from the stock market if they fail to allow an audit by the US watchdog for 3 years. But china has consistently rejected US censorship of its companies for years. It is in this context that these 5 companies are expected to exit.China has already spoken to bring a law amendment for this. The amendment would allow US regulators to inspect companies listed on US stock exchanges. However, it is noted that it is not in force at present.
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world countries in fear

Sowmiya Sriram

14/08/2022 04:31 PM