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US-China tensions

US Sen. Marco Rubio slams 'reckless and irresponsible' Didi listing

Hawkish Republican's comments suggest renewed effort to turn screws on Chinese IPOs

"American investors ... have no insight into [Didi's] financial strength because the Chinese Communist party blocks US regulators from reviewing the books," Marco Rubio tells the Financial Times.   © Reuters

WASHINGTON (Financial Times) -- A leading China hawk in the U.S. Congress has lashed out at Chinese listings in the U.S. in the wake of the botched initial public offering of ride-hailing app Didi Chuxing, as the debacle attracted scrutiny in Washington.

Marco Rubio, a Republican senator from Florida, told the Financial Times in a statement that it was "reckless and irresponsible" to allow Didi, which he described as an "unaccountable Chinese company," to sell shares on the New York Stock Exchange.

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