The clash returns.. China demands Didi leave the New York Stock Exchange

The clash returned again between the United States and China, in the aftermath of The recent meeting between the presidents of the two countries.

Chinese authorities have asked giant Didi Global to delist its name from the New York Stock Exchange due to concerns about the leak of sensitive data.

China’s technology watchdog has asked Didi’s management to expel the company from the New York Stock Exchange in an unprecedented move, according to Bloomberg.

In July, the Chinese authorities opened an investigation into Didi aimed at “preventing risks related to national data security”.

The investigation came two days after the company’s massive initial public offering in New York, which led experts to believe the actions targeting Didi are part of an ongoing government crackdown on the country’s tech giants.

Didi, China’s dominant app for taxi services, was among 34 technology companies summoned by Chinese antitrust authorities in April, including Alibaba and other tech companies such as ByteDance, the owner of the popular TikTok app.

America is going up

The United States decided to add dozens of Chinese companies to a trade blacklist, which China criticized.

“The US Department of Commerce’s publication of a new sanctions list is not in line with the consensus agreed upon by the leaders of China and the United States,” said Xu Guoting, a spokeswoman for the Chinese Ministry of Commerce, at a regular press briefing in Beijing yesterday.

And she stated that Washington’s taking of this step is harmful to the two countries, the security of the global supply chain, and the recovery of the global economy, according to what was reported by Bloomberg News Agency.

The US Commerce Department added about a dozen Chinese companies to its “Entity List” yesterday, for their involvement in activities contrary to national security or foreign policy interests.

Suppliers will not be able to deal with the companies on the list unless they obtain special permission to do so.

Last week, US President Joe Biden and Chinese President Xi Jinping participated in their first face-to-face meeting, in which the two sides stressed the need for more talks between their governments.

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