China is still reportedly dragging its feet in opening its market to Visa, Mastercard

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On Monday, the Financial Times reported, citing two sources, that the People's Bank of China has not yet formally acknowledged applications from Visa and Mastercard to process yuan payments.

 

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Of course the Trump's claim that Ivanka was shutting down operations but then of course, You can still purchase her items

Why are they waiting for the Asian market to open would be my first question. Of course everyone knows that Ivanka Trump doesn't have to worry about China tariffs because her company has been exempt.

To get around it, I think Master and Visa should open a subsidiary like Visa China and Mastercard China.

Trump is busy waging war on China economically and against Chinese electronic companies -- so why should China support USA financial networks

Holding foreign financial institutes like Visa and Mastercard hostage hurts both countries's businesses and consumers.

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