China says forcing Chinese firms off US exchanges will harm US

Chinese Foreign Ministry spokesman Geng Shuang takes a question during the daily press briefing in Beijing on March 18, 2020. (File/AFP)
Updated 05 June 2020

China says forcing Chinese firms off US exchanges will harm US

  • Shuang also accused Washington of making hasty generalizations about China-based companies’ accounting practices

BEIJING: China said on Friday that forcing Chinese firms to retreat from US stock exchanges would severely harm US interests.
In a briefing, foreign ministry spokesman Geng Shuang also accused Washington of making hasty generalizations about China-based companies’ accounting practices.
He made the remarks when asked about remarks by US Secretary of State Mike Pompeo warning American investors about fraudulent accounting practices of China-based firms.


Explosion as fire breaks out at Iranian industrial complex

Updated 13 July 2020

Explosion as fire breaks out at Iranian industrial complex

  • Six storage tanks had caught fire, including the one that exploded, an Iranian official said

Iranian police are investigating after a fire broke out at an industrial complex in northeast Iran where gas condensate storage tanks are sited, one of which exploded, the Mehr news agency reported on Monday.
Javad Jahandoust, the fire chief at the Kavian Fariman industrial complex, some 20 miles (32 kilometers) south of the city of Mashhad, was quoted as saying six storage tanks had caught fire, including the one that exploded.
He said the fire was under control and there were no casualties, but police were investigating the cause.
There have been several explosions and fires around Iranian military, nuclear and industrial facilities since late June.
On Sunday, the official IRNA news agency reported a fire at a petrochemical facility in southwest Iran, which was blamed on an oil leak. There were no casualties.