THE TIES that bind the world’s two biggest economies are unravelling, in fits and starts. The latest episode involved fits, starts and chaos. On December 31st the New York Stock Exchange (NYSE) announced that it would delist China Telecom, China Mobile and China Unicom, three telecoms giants, shares in which have been traded on Wall Street for years. It did so, it said, to comply with President Donald Trump’s executive order in November banning American investments in companies with links to the People’s Liberation Army (PLA).
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This set off a fit among
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