Washington/Beijing: – Stocks of Chinese companies fell to record lows in the US stock markets. The decline continued for three consecutive days on Friday, Monday and Tuesday, with Chinese companies claiming more than 200 billion dollars in losses. The decline for Chinese companies appears to be the biggest jolt since 2008. These companies include companies in the Chinese information technology and education sectors. The main reason for the fall in the US stock market is said to be the actions initiated by the ruling communist regime in China.
About 250 companies, including eight Chinese state-owned companies, have so far been listed on the US stock exchange. The purpose behind this registration is believed to be to raise a large number of funds on the international level, including the United States. Chinese companies have so far managed to raise nearly USD 2 trillion through such registrations. Although Chinese companies are raising large sums of money from US stock exchanges, the number of actions taken by the US administration against them also has increased in the last few years. The Trump administration has blacklisted many Chinese companies and had also imposed various sanctions. The Biden administration has also indicated that action sessions against Chinese companies will continue.
