China threatens retaliation over NYSE delisting of companies

China Mobile was one of the firms targeted (AP)

The Chinese government has said it would take necessary counter-measures in response to the New York Stock Exchange’s announcement that it would delist three major Chinese telecoms firms.

The stock exchange said on Thursday that it would delist China Telecom, China Mobile and China Unicom Hong Kong, with trading of the companies to be suspended sometime between January 7 and January 11.