China Nod for Citibank Credit Cards May Show Market Opening
This article is for subscribers only.
China’s decision to allow Citigroup Inc. to issue credit cards may signal an opening of the banking market as the government relaxes restrictions that are the subject of a U.S. complaint at the World Trade Organization.
New York-based Citigroup is the second foreign bank, and the first Western one, allowed to issue credit cards in the world’s most populous nation.