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Industrials

China urges U.S. to stop 'discriminatory' action against its firms

FILE PHOTO: Chinese Foreign Ministry spokeswoman Hua Chunying attends a news conference in Beijing, China January 21, 2021. REUTERS/Carlos Garcia Rawlins

BEIJING (Reuters) - China on Thursday urged the United States to stop “discriminatory” action against Chinese companies after the U.S. adopted measures that would kick foreign companies off stock exchanges if they do not comply with U.S. auditing standards.

Chinese Foreign Ministry spokeswoman Hua Chunying said the U.S. measures distort market principles.

Reporting by Cate Cadell; Writing by Ben Blanchard; Editing by Christian Schmollinger

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