5 largest state-owned Chinese companies announced their intention to delist from U.S. exchanges - Bloomberg

Reason: Disagreement on audit. What are these companies: China Life Insurance. and PetroChina. and China Petroleum & Chemical, Aluminum.of China and Sinopec Shanghai Petrochemical.

This situation shows that the confrontation between the U.S. and China is growing. Thus, the delisting of Chinese companies Alibaba, Baidu and others is a matter of time.