Beijing: The gap between the US and China is constantly increasing. Once again, the reason for this is the Bo Bill, on which President Trump has signed and granted final approval. Because of this, the companies registered in the US Stock Exchange are facing a crisis. The reason for this is China is badly dodged. Let me remind you that the relationship between China and America has steadily declined during President Trump’s tenure. Over the past year, many of President Trump’s decisions have gone against China. Because of this, China is also angry.
As far as the latest issue of controversy is concerned, let us tell you that the US President has signed a bill that states that if any China company registered in the US Stock Exchange does not meet the US auditing standard, then it will get it from the US Stock Exchange. Will be excluded. After this order, China has called it unilateral action. China says that it strongly opposes any such bill. It has also been said on behalf of China that this order has been brought under a discriminatory attitude against Chinese companies. Its purpose is to harm China.
Chinese Foreign Ministry Spokesperson Wang Wenbin has called it a political malice during a press conference. He says that this is a completely unfair and politically motivated decision. Its purpose is to cause economic damage to Chinese companies registered in the US stock exchange. Wang said the move by the US would adversely affect the rules of the market’s basic economy. It will also prove to be a serious hindrance in the listing of Chinese companies. Significantly, the bill was signed on Friday by US President Donald Trump. Giving this information, it was said from the White House that the US President has given another major blow to China before the transfer of power.
Let me tell you that during Trump’s tenure there have been many issues and decisions that have caused a tremendous setback to China. Shortly before, the United States had banned big leaders of its Communist Party. Earlier, three big officials of the government were banned. In addition to the order of the Chinese Consulate officer present in the US to leave the country, Chinese students were also given a similar order. Apart from this, the US had banned many Chinese companies and China’s app on its own.
