BEIJING: China said on Friday that forcing Chinese firms to retreat from U.S. stock exchanges would severely harm U.S. interests.

In a briefing, foreign ministry spokesman Geng Shuang also accused Washington of making hasty generalisations about China-based companies’ accounting practices.

He made the remarks when asked about remarks by U.S. Secretary of State Mike Pompeo warning American investors about fraudulent accounting practices of China-based firms.