The Trump administration has issued its recommendations to ban Chinese companies that do not comply with US accounting standards from listing on American stock exchanges.
The proposals — announced by a working group that included Steven Mnuchin, the Treasury secretary, and Jay Clayton, the chairman of the Securities and Exchange Commission — would force Chinese companies to delist from US stock exchanges unless regulators get access to their audits.
President Donald Trump in June gave his team 60 days to come up with the recommendations, and their release on Thursday marks another point of growing friction between the US and China, as relations between the countries plummet to their lowest point in decades.
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