中美贸易战

Why Trump’s attempt to delist China from US will backfire

Bans on stock purchases harm the interests of American investors

The writer is the Dane professor at Harvard Law School

The China delistings have begun. This week, the New York Stock Exchange expelled three Chinese telecom companies to implement President Donald Trump’s November order that bars Americans from buying shares in “communist Chinese military companies”.

Others might also be booted. Separately, the Holding Foreign Companies Accountable Act — signed into law by Mr Trump in December — will delist all China-based companies in three years if China does not co-operate with audit-oversight inspections. 

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