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The President of the United States, Donald Trump, confirmed that his administration requested the withdrawal of billions of dollars in investments of American pension funds in China and that other similar actions were being considered.
Relations between the United States and China have deteriorated after the coronavirus outbreak. The United States has expressed disappointment at Beijing’s handling of the coronavirus, which has claimed more than 80,000 lives in the United States. China has also been accused of stealing intellectual property and investigative work.
“Billions of dollars, billions … Yes, I withdrew it,” Trump said Thursday on Fox Business News when asked about reports that the United States had withdrawn billions of dollars from US pension funds. in Chinese investments.
In another question, the president was asked if he will compel Chinese companies to follow all conditions for listing on the New York Stock Exchange and NASDAQ.
Chinese companies like Alibaba are listed on the New York Stock Exchange, but do not report earnings, as an American company does, the interviewer said. “We are seeing it very strongly. It’s pretty amazing, but here’s the problem with that. Let’s say we do that, right? So what are they going to do? They are going to move their listing to London or elsewhere. See it? “Trump said.
“Let’s say you want to get tough. You know everyone wants to be a tough guy. Look, I’m the toughest guy, but what happens is they say, ‘OK, we’ll either move to London or go to Hong Kong,'” he said.
Meanwhile, China is considering actions against US lawmakers who have introduced legislation in the Senate that proposes sanctions against China for its handling of the coronavirus outbreak, according to press reports.
“The Chinese government is targeting those who are trying to hold them accountable for intentionally misleading us about the nature of the new coronavirus, where it was spreading, and how quickly things were spiraling out of control. I consider his threats a badge of honor, “said Congressman Jim Banks.
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