China News Service, May 8th. On the evening of May 7, China's three major telecom operators announced that the New York Stock Exchange will maintain the decision to delist the depositary shares of the three companies on the 6th, US time.

This means that the three major telecom operators may delist from the United States.

According to sources, the Biden administration may retain the ban on some Chinese companies during the Trump administration to put pressure on China. This disappointed Wall Street and called for the ban to be lifted.

The analysis pointed out that behind the suppression of China, it actually reflects the anxiety of the United States about its own economic strength.

Image source: screenshots of announcements by China's three major telecom operators

This ban or reservation against China

Wall Street Dissatisfaction

　　On the 7th, US media noted that the Biden administration may continue to suppress China by retaining the restrictions imposed on certain Chinese companies during the Trump era.

　　Bloomberg quoted several people familiar with the matter as saying that the Biden administration is still in preliminary discussions on the investment ban imposed by the previous Trump administration on "companies alleged to be associated with the Chinese military."

Among them, it also includes the three largest telecommunications companies in China.

　　In November 2020, the former Trump administration issued an executive order prohibiting Americans from investing in "Chinese companies with military backgrounds." In December of the same year, the United States stated that the scope of the executive order was further extended to listed trading funds, Index funds, as well as subsidiaries of Chinese companies that have been identified as "owned or controlled by the Chinese military."

　　The analysis pointed out that the implementation of this ban not only exposes China's three major telecom operators to the risk of being delisted in the United States, but also causes international index companies to remove relevant listed companies from their indexes.

　　The latest news shows that on the 7th, the three operators of China Telecom, China Mobile and China Unicom all issued announcements saying that the New York Stock Exchange will maintain the decision to delist the company’s depositary shares on the 6th, US time, which means that the three major operators will move from the US Delisting.

However, the percentage of shares listed by the three major operators in the US stock market is very low, and trading of their depositary shares has been suspended in January, US time.

　　Wall Street was disappointed by the series of messages released by the Biden administration.

A former U.S. Treasury Department official in charge of sanctions pointed out that financial institutions around the world that deal with Chinese "military-related enterprises" are "all in trouble."

However, people familiar with the matter revealed that the financial sector has urged the Biden administration to completely lift the investment ban.

Data map: US Secretary of State Blincoln.

There is more than one way to suppress China

Plan a confrontation through a bill

　　This is only part of the "trick" of the US government to suppress Chinese companies.

　　On May 5, U.S. Secretary of State Blincoln stated that European and American countries must pay “very attention” to the so-called “exact nature” of China’s investment in Western economies and to evaluate its investment in strategic assets in detail.

　　Reuters bluntly pointed out that, "European and American countries have difficulty in reaching an agreement on China issues. They originally regarded China as a favorable source of investment funds, such as investment in U.S. Treasury bonds, but now they have turned to regard China as a threat to global stability. And avoid China’s 5G communication technology."

　　In fact, some American politicians have speculated on the "China threat" and "China challenge" to suppress Chinese companies and other companies.

　　More than two weeks ago, on April 21, the U.S. Senate Foreign Affairs Committee passed the "Strategic Competition Act of 2021" with high votes.

The bill clearly states that it is hoped that every fiscal year from 2022 to 2026, the United States will allocate 300 million U.S. dollars for various measures to combat "China's global influence."

　　The US "Foreign Policy" magazine website posted a comment at the end of April that the bill listed China as a strategic competitor in various fields such as economy, technology, and military security.

The bill is "anti-China" in nature, and "many key areas are not well-conceived."

Data map: US President Biden.

Economic data is far below expectations,

U.S. economic recovery faces a "long road"

　　In fact, the United States has pointed its spearhead at the back of China, reflecting its anxiety about the decline of its own economic power.

On May 7, the U.S. Department of Labor released its latest employment report. In April, the country’s non-agricultural employment increased by 266,000, which was far below economists’ previous expectations; the unemployment rate also rose from 6% to 6.1%, rather than as before. Economists expected a decline.

　　Subsequently, U.S. Treasury Secretary Yellen issued a warning that the U.S. economic recovery still faces a "long road."

　　"We know that this is not a battle that can be ended in 100 days... Today's employment report shows that recovery is a long journey." Yellen said on the 7th.

Although she admitted that she originally expected more jobs to increase, she still believes that the U.S. economic recovery is "on the right track"-"Never treat one month's data as a potential trend."

　　The analysis pointed out that some US companies are also facing problems such as supply chain disruption, which brings difficulties to employment growth. This situation may further inhibit the country's economic recovery in the next few months.

　　After the report of the US Department of Labor was published, Republicans also used it to criticize the Biden administration's $1.9 trillion bailout bill.

Biden's Democratic Party passed the bill in March 2021 without Republican support.

This bill allows every American to receive a cash subsidy of US$1,400, and its main content also includes: adding US$300 of additional benefits to weekly unemployment benefits, expanding the scope of unemployment benefits and extending the application period to September 6th; for schools The reopening provides about 170 billion U.S. dollars and so on.

　　Biden once commented that the bill "will rebuild the backbone of this country" and rejuvenate the economy.

However, it seems that the effect is not yet satisfactory.

　　In this regard, Biden defended that the plan provided necessary assistance to support the development of the US economy in 2022.

It believes that the lower-than-expected non-agricultural employment report highlights the need for large-scale infrastructure expenditures and family support programs that it is promoting.