China announced to take "necessary measures" after the New York Stock Exchange delisted three Chinese telecommunications companies.

"The type of abuse of national security and state power to crack down on Chinese companies is to disobey market rules and violate market logic," the Ministry of Commerce said today.

The statement was made after the New York Stock Exchange (NYSE) on December 31 announced the delisting of three companies, including China Mobile, China Telecom Corp and China Unicom Hong Hong, for allegedly associating with the military,

"This move not only harms the legal rights of Chinese companies, but also damages the interests of investors in other countries, including the US," added China's Ministry of Commerce.

The ministry said it would take action to protect Chinese companies, while calling on the United States to compromise with China and bring bilateral trade relations back on track.

Trump in November signed an executive order banning investments in military-owned or Chinese-owned companies to put pressure on Beijing.

The Chinese Foreign Ministry later accused the United States of "malicious slander" and pledged to protect businesses.

Relations between the two largest economies are increasingly strained due to issues such as trade, intellectual property, and Hong Kong.

Chinese diplomats expressed hope that President-elect Joe Biden's new administration would help ease tensions between the two countries.