USA : Now preparing to expel Chinese companies from US, delisting bill passed!
The US is now putting all-round pressure on China regarding the Corona virus. On the economic front, America is jerking China one after the other. Now Donald Trump has a keen eye on Chinese companies listed on the US stock market.
In fact, a bill has been passed in the US Senate, which shows how much America is worried about China. US President Donald Trump has blamed China for spreading the Corona virus all over the world.
Trump is constantly blaming Corona on China and is also talking about teaching a lesson. In this episode, America is taking one decision against China. Now the US Senate has passed a bill to delist Chinese companies from the American stock market. However, there is still some legal wagering in its implementation.
It is being said that the opposition has also supported this bill in the Senate. This move of American can make it difficult for Chinese companies listed in the American stock market. The bill states that such a step has been taken to promote investment in American companies.
According to media reports, about 800 Chinese companies are listed on the American Stock Exchange. This decision of the US may shock big Chinese companies like Alibaba and Baidu. Not only this, this step of America can be bad news for the stock markets all over the world.
In addition, many large US funds are investors in Chinese companies, they may also get a setback. Because many Chinese companies are outperforming the US stock market. Which also has a large amount of US investment. The US says that domestic funds should now focus on American companies.
Earlier this week, a bill has been introduced in Congress to bring American companies back from China to America. American MP Mark Green introduced this bill in Congress. The MP says that it is necessary to attract investment to strengthen the American economy.
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Apart from this, in an interview recently, US President Donald Trump said that nothing can be said about the trade deal with China in January -2020. He even said that he can break this deal.
Significantly, the dispute between the US and China over the corona virus is deepening. More than 90 thousand people have died in the US due to this epidemic, and China is on the target of Trump.
