Five Chinese state-owned companies announced Friday they would delist from the New York Stock Exchange amid a refusal to adhere to US auditing regulations and growing tensions between the two global economies.Washington has warned over 270 Chinese companies, like Alibaba Group, of possible removal from stock exchanges if continues to refuse regulations, according to a report by .Beijing cites foreign inspection of audit documents from local accounting firms as a national security concern, leading to the dispute over regulations.
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