Chinese Oil Majors May Face U.S. Delisting After Telcos Cut

The transcript discusses the impact of a US executive order signed by President Trump, which banned US investments in companies linked to the Chinese military, leading to the delisting of major Chinese telecom companies from the NYSE. Bloomberg Intelligence suggests that Chinese energy companies might be next. China has criticized the US actions and vowed to support its companies. As the Biden administration approaches, there is cautious optimism for improved US-China relations, with Chinese officials expressing willingness to engage in dialogue despite past difficulties.

What was the primary reason for the NYSE delisting major Chinese telecom companies?

• US executive order banning investments in companies linked to the Chinese military

• Chinese companies' failure to meet financial reporting standards

• A trade agreement between the US and China

• A decision by the Chinese government to withdraw from the NYSE

Which Chinese companies are mentioned as potentially facing delisting due to military links?

• BYD and Geely

• Huawei and ZTE

• PetroChina and Sinopec

• Alibaba and Tencent

How did China respond to the delisting of its telecom companies by the NYSE?

• By imposing tariffs on US goods

• By vowing to protect the rights of its companies

• By delisting US companies from Chinese stock exchanges

• By filing a complaint with the World Trade Organization

What is the stance of Chinese officials regarding the Biden administration?

• They are ready to engage in constructive dialogue

• They are closing the door on any future dialogue

• They are indifferent to the change in US administration

• They are planning to impose new sanctions on the US

What challenges have US-China relations faced according to the Chinese Foreign Minister?

• Unprecedented difficulties due to US policies

• A focus on environmental issues over economic ones

• A lack of interest from the US in trade agreements

• A strong alliance between the US and other Asian countries