1 Minute Read by Reuters Staff (Reuters) – BEIJING, July 9 (Reuters) – After the Biden administration issued an executive order removing more Chinese stocks from a major U.S. stock index, China declared it was resolutely opposed to what it called the United States’ proclivity to politicize economic problems. The fact that some Chinese companies are not included in some indices will not deter overseas investors from investing in them as China’s capital markets continue to develop, according to foreign ministry spokesman Wang Wenbin. After an amended US executive order restricted domestic investment in corporations with claimed ties to China’s military, the S&P Dow Jones Indices and FTSE Russell agreed late Wednesday to remove more Chinese companies from their indices. (Cate Cadell contributed reporting.) Gareth Jones edited the piece.)/n
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