China was admitted to the World Trade Organization(WTO) on almost 22 years ago on Dec 11, 2001. It took 15 years of negotiations for China to be admitted as a full member. According to Mathias Dopfner, CEO of Axel Partners and author of the book “The Trade Trap: How to Stop Doing Business with Dictators”, …
The economy of China has been in the doldrum for the past few years since the pandemic. A recent article in the journal discussed the reasons China is unable to revive its stagnant economy and drive expansion. Unlike the US economy, the Chinese economy is manufacturing and export-based. Since the consumption is further down the …
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On Aug 12, 2022 Chinese state-owned oil major PetroChina Company Limited (PTR) announced plans to delist its ADS from the NYSE. The depository BNY Mellon has published the termination notice. According to this notice, the ADR will be terminated effective Monday, Oct 17, 2022. An excerpt from the notice: Under the terms of the Deposit …
Chinese oil giant PetroChina Company Limited (PTR) has announced plans to delist its American Depository Receipts from the NYSE. Some of the reasons for this action include listing fees and low trading volume. The last day the ADR may trade on the NYSE is on or around Sept 8, 2022. Below are the complete details from …
Five Chinese state-owned companies have announced plans to delist their ADSs from the NYSE. This is another blow for US investors holding these ADSs. Investors have to monitor the developments in the next few days and weeks and take action accordingly. Below is an excerpt from a journal article: Five Chinese state-owned companies said they …
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