White House trade adviser Peter Navarro denounced the reports that US is considering restrictions on Chinese companies. He told CNBC that “That story, which appeared in Bloomberg: I’ve read it far more carefully than it was written. Over half of it was highly inaccurate or simply flat-out false.” He added that “this story was just so full of inaccuracies and in terms of the truth of the matter, what the Treasury said I think was accurate.”
On Friday, it’s widely reported, including by Bloomberg, that US is considering a number of measures on “financial decoupling with China”. Those include forcing a delisting of Chinese companies from US exchanges, imposing limits on investments in Chinese markets by US government pension funds and putting caps on the value of Chinese companies included in indexes managed by US firms.
