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Page 13 - A Chinese Commerce Ministry News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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China threatens retaliation for NYSE delisting telecom firms | News | DW

Min Jiang: Internet freedom is officially over What was China s response? A Chinese Commerce Ministry spokesperson said in a statement that the NYSE delisting will  greatly weaken all parties confidence in the US capital market. The ministry said the decision to delist the three telecom firms was an abuse of national security and inconsistent with market rules. China will take the necessary countermeasures to resolutely safeguard the legitimate rights and interests of Chinese companies, the ministry spokesperson said, without naming specifics. Will the NYSE delisting affect the Chinese firms? All three telco companies are state-run enterprises that operate under Beijing s firm control. They are the only three companies in China that are allowed to provide broad telecommunication services, an industry the government believes should remain under state control.

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