Sabrina Escobar

Barron’s

Shein’s challenges to launch a U.S. IPO would seem a minor development against the backdrop of increasingly strained relations between the world’s two largest economies, especially in a U.S. election year when rhetoric toward China has grown even more hostile. But it would send a resounding message that U.S. exchanges are no longer open for business to prominent companies with Chinese ties trying to list shares here, further eroding the financial bonds that have stabilized the U.S.-China relationship for decades.