China Says U.S. Flip Flops ‘All the Time’ Amid NYSE Reversals

China said the U.S. “has been flipping flopping all the time” and urged it to respect market principles after investors were whipsawed by uncertainty over the status of three major Chinese telecommunication giants traded on the New York Stock Exchange.

Just four days after deciding to delist China Mobile Ltd., China Unicom Hong Kong Ltd. and China Telecom Corp., the NYSE on Monday abruptly withdrew that plan. Later, people familiar with the matter told Bloomberg the bourse is considering proceeding with the delisting after criticism from Treasury Secretary Steven Mnuchin. The reversal caused confusion over the U.S. policy behind the NYSE’s move: President Donald Trump’s November executive order barring American investments in businesses owned or controlled by the Chinese military.