Trade war: China warns USA investment curbs would hurt global growth

China's Commerce vice-minister Wang Shouwen answers questions during a press conference in Beijing on Sept 29 2019

The Trump administration is considering radical new financial pressure tactics on Beijing, including the possibility of delisting Chinese companies from US stock exchanges.

As U.S. and Chinese negotiators reportedly gear up for trade talks in Washington, D.C. next month, President Trump's impeachment probe remains top of mind for investors. -China trade tensions. The news had earlier been reported by Bloomberg.

U.S. President Donald Trump's administration is considering the move, three sources briefed on the matter said on Friday, in what would be a radical escalation of U.S.

Shares of USA -listed Chinese language shares reversed route on Monday after a pointy fall on the delisting reviews. The company was not immediately available for comment.

China's warning comes two days after a US official tweeted a Treasury Department statement saying the administration "is not contemplating blocking Chinese companies from listing shares on the USA stock exchanges at this time".

The Chinese government unveiled a series of new weapons at a military parade Tuesday; marking the 70 anniversary of their communist regime with a new missile that could strike the United States in 30 minutes.

"To exert extreme pressure and even attempt to force the decoupling of China-U.S. relations will definitely damage the interests of U.S. and Chinese enterprises and people, cause financial market turmoil and endanger worldwide trade and the world economic growth", said a foreign ministry spokesman, Geng Shuang.

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"This does not accord with the interests of the global community".

Asian share prices ticked up on Tuesday as some investors clung to hopes that the fourth quarter will bring progress in resolving the United-States trade war that's cast a shadow over the global economy. They've levied punitive duties on a whole lot of billions of of one another's items, roiling monetary markets and threatening worldwide progress.

In June, U.S. lawmakers from both parties introduced a bill to force Chinese companies listed on American stock exchanges to submit to regulatory oversight, including providing access to audits, or face delisting.

Chinese language authorities have lengthy been reluctant to let overseas regulators examine native accounting companies - together with member companies of the Large 4 worldwide accounting networks - citing nationwide safety issues. The purchases form part of a tariff-free quota allotted for up to 2 million tonnes this week.

China-U.S. trade and financial cooperation is mutually beneficial, Geng told a daily news briefing.

China hopes Beijing and Washington will resolve their commerce dispute "with a calm and rational attitude", Vice Commerce Minister Wang Shouwen, who has been a part of China's negotiating workforce, stated on Sunday.

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