Trump’s Threats Loom as China Weighs Opening to Wall Street, Tesla
- China is said to consider giving foreign firms more access
- Moves may be concession to U.S. before Trump visit in November
A Deep Dive Into the Future of U.S.-China Trade
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Coincidence or not, China appears set to ease restrictions on foreign automakers and banks amid sustained pressure from U.S. President Donald Trump to open up its economy.
China’s central bank is said to be drafting a package of reforms that could include allowing foreign firms to take control of local joint-ventures in the nation’s $40 trillion financial industry. Authorities in Beijing are also discussing a plan to allow foreign carmakers to set up wholly owned electric-vehicle businesses, revising a policy in place since the 1990s.