Some grand gesture this is.
China leader Xi Jinping offered a hefty gift package to visiting US President Donald Trump a lively tour of the Forbidden City, a series of trade contracts totalling $253 billion, and not long after Trump left for Vietnam a long-cherished move to offer wider foreign access to the world’s second largest economy.
China’s vice-finance minister Zhu Guangyao on Friday said foreign firms would soon be allowed to own up to 51% of brokerage and fund management ventures, in a move that would ease the long frustration of foreign investment banks over a limited or little control over their Chinese joint-venture business and...
¬ Haymarket Media Limited. All rights reserved.
