China-US decoupling gushes out

Saturday, 13 August 2022 — Indian Punchline


In a flurry of statements on Friday against the backdrop of escalating US-China tensions, five of China’s biggest state-owned companies announced their intent to delist from the New York Stock Exchange — PetroChina Co Ltd, China Life Insurance Co, China Petroleum & Chemical Corp, Aluminium Corp of China and Sinopec Shanghai Petrochemical Co. which represent over 300 billion dollars in market cap.

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