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NOTHING IS PERMANENT EXCEPT CHANGE

U.S. President Donald Trump has good reason to be skeptical about China’s willingness to live up to its commitments in any trade deal. Seasoned foreign business executives on the mainland know that any agreement there represents the start of a bargaining process, not the end. Nor is it uncommon for Chinese officials to unpick terms […]

PBOC Governor Yi Gang said that China will allow foreign firms to compete on an equal footing with domestic companies in the sector. The central bank also confirmed it wants to set up a planned trading link between its stock markets and London by end-2018. China will raise foreign ownership limits to 51 percent in […]