House passes bill that could exclude big companies such as Alibaba from US stock markets, the same days the US banned more cotton imports from Xinjiang
The US House of Representatives has passed a law to kick Chinese companies off American stock exchanges unless they fully comply with the country’s auditing rules, giving President Donald Trump one more tool to threaten Beijing with before leaving office.
The measure passed the House by unanimous voice vote, after passing the Senate unanimously in May, sending it to Trump, who the White House said is expected to sign it into law.
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