Economics
Stock Delisting Offers U.S. a Tempting Target in China Tensions
- U.S. exchanges under pressure to take action on Chinese firms
- Goldman Sachs sends clients report to outline potential impact
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Political momentum intensified this week to curtail investments in Chinese companies, in the latest sign that tensions between the world’s two largest economies have reignited.
While a push for tougher scrutiny of financial ties between the U.S. and China has long simmered in Washington, the Senate quickly -- and in bipartisan fashion -- moved Wednesday to advance legislation that could result in delisting some securities from American stock exchanges.