The ministry of commerce said China will „take necessary measures to resolutely safeguard the legitimate rights and interests of Chinese enterprises.“
China vowed on Saturday to respond to the delisting of three telecommunications giants by the New York Stock Exchange under an executive order signed by President Donald Trump in November. The ministry of commerce said in a statement that China will „take necessary measures to resolutely safeguard the legitimate rights and interests of Chinese enterprises,“ according to the state-run Global Times. The NYSE said on Thursday that it will delist China Telecom Corp. Limited, China Mobile Limited, and China Unicom Hong Kong Limited. Trump signed an order in November that barred Americans from investing in companies it alleged were connected to the Chinese military.
