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China says it strongly opposes the US bill that could remove Chinese companies from US exchanges.

China says it strongly opposes the US bill that could remove Chinese companies from US exchanges.

 China said on Monday that it strongly opposed US President Trump signing a bill that would kick Chinese companies off US stock exchanges unless they adhere to US auditing standards. and said it contains discriminatory provisions against Chinese companies.

"This is nothing more than an unwarranted political crackdown on US-listed Chinese companies," Foreign Ministry spokesman Wang Wenbin said at a new daily briefing in Beijing.

"It will seriously hamper the normal listing of Chinese companies and distort the basic rules of the market economy that the United States has always promoted," Wang said.

President Donald Trump signed legislation Friday that would remove Chinese companies from U.S. stock exchanges unless they adhere to U.S. auditing standards, the White House said, giving the Republican one more tool to threaten Beijing before leaving office next month.

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