, Columnists
China Is Throwing Open Its Market Door. Be Wary
The country is heading for fiscal and current-account deficits amid an escalating trade war. No wonder it wants more overseas cash.
Ready for this?
Photographer: Nicolas Asfouri/AFP/Getty Images
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China’s latest welcome to foreigners smells of desperation.
Global funds no longer need quotas to buy Chinese stocks and bonds, the State Administration of Foreign Exchange said in a statement Tuesday. That removes a hurdle to foreign investment that’s been in place for almost two decades, since the nation first allowed access to its capital markets.