China warns of instability if US follows through with delisting threat

China on Monday warned of global market instability if the U.S. follows through with reported threats of delisting Chinese companies from U.S. stock exchanges, according to Reuters. 

The news outlet reported Monday that Chinese Foreign Ministry spokesman Geng Shuang said the “decoupling” would harm both companies and people in both nations, as well as “create turmoil in financial markets, and endanger global trade and economic growth.”

{mosads}“This does not accord with the interests of the international community,” he added.

The warning comes after three sources in the Trump administration briefed on the matter told Reuters last week that the U.S. is considering the move. 

Tensions have been high between the U.S. and China as an ongoing trade war continues to escalate. 

China on Sunday said it will send top trade negotiator Vice Premier Liu He to Washington in October for the next round of trade talks.