World shares slip as China orders US consulate closed

Trump administration officials have escalated their public condemnations of China in the last several weeks, with speeches by FBI Director Chris Wray, Attorney General William Barr and Secretary of State Mike Pompeo. On Friday, as expected, China's Foreign Ministry ordered the closure of the U.S. consulate in the western city of Chengdu. “Alongside the eviction of the Houston Chinese Consulate, the risk of the U.S.-China conflict escalating into a “Cold War” is worrying,” said Hayaki Narita of Mizuho Bank.