China says decoupling would harm both sides after Trump’s delisting threat



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China says decoupling would harm both sides after Trump’s delisting threat

On Monday, the 30th of September 2019, China cautioned United States of a flurry of potential disruptions and instabilities in the international money markets, if US President Donald Trump’s last week’s threat to delist Chinese companies from US stock exchanges could find a way to secure regulatory approvals, adding that any ‘decoupling’ attempt of United States and China would torment global financial markets in a potentially cataclysmic manner.

In point of fact, latest comments from Beijing ahead of a high-stake trade talk between delegates of Washington and Beijing less than two weeks away was brought into light after White House sources had revealed later last week that US President Donald Trump alongside his administration had been mulling a plan to wipe Chinese businesses out of the US stock exchanges in a bid to curb out US investments on Chinese firms, what in effect had fanned the flames of a 15-month-long further and resulted in an extended downward spiral of Wall St.-listed Chinese stocks.

Nonetheless, in a CNBC interview on Monday (September 30th), dismissing the viability of the report calling it as a “fake news”, White House trade advisor, Peter Navarro said, “That story, which appeared in Bloomberg: I’ve read it far more carefully than it was written. Over half of it was highly inaccurate or simply flat-out false. ”