Never miss a story

Get subscribed to our newsletter


×
Unsplash

There have already been voices in the US demanding most of the "China concept stocks" be removed from the US.

If the US loses Chinese companies, Wall Street will gradually alienate itself from the world's most prosperous market and the US will no longer be the true global financial centre, Chinese state media claimed.

Didi Chuxing, the Chinese ride-hailing giant, announced on Friday that the company is starting the work of delisting from the New York Stock Exchange (NYSE) and initiating preparations for listing in Hong Kong.

Keep Reading Show less

Popular

Tim cook says it is too late for Facebook to regulate itself. IANS
  • Tim Cook urges peace between China and USA
  • There are possibilities of a trade war
  • There is lots of tension between the two nations

Apple CEO Tim Cook on Saturday urged China and the US to stay calm amid fears of a possible trade war between the world’s top two economies over import tariffs.

Tension between the two countries mounted after US President Donald Trump announced tariffs on up to $60 billion worth of Chinese goods annually to counter Beijing’s allegedly unfair trade practices in the technology sector.

Keep Reading Show less

San Francisco: Apple announced on Tuesday its profits rose 38 percent in the second quarter due to a surge in iPhone sales.

Keep Reading Show less