BEIJING – China said on Friday that it is adamantly opposed to the United States’ tendency to politicize economic matters, following the removal of more Chinese stocks from a major US stock index following an executive order by the Biden administration. 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, and Gareth Jones edited the piece.)
Reuters is the source of this information./n
