As Old China Slows, New China Still Closed to Foreign Firms

Updated on
  • Hopes of a 'decisive market' give way to 'subdued optimism'
  • Xi's meeting with Obama an opportunity to gain yardage

As China’s old economy slumps, service industries from banking to telecommunications are poised to take up the slack. The catch for American and other foreign firms: They’re locked out of these new growth drivers.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.