The Trump administration has issued a partial — and qualified — denial to the revelation that it is discussing imposing limits on U.S. investments in Chinese companies and financial markets as China vowed to continue opening its markets to foreign investment.
In a statement emailed to Bloomberg over the weekend, a spokeswoman for U.S. Treasury Secretary Steven Mnuchin said there were no current plans to stop Chinese companies from listing on U.S. exchanges. “There’s some significant issues related to Chinese stocks listed on public exchanges,” he said. “There’s some interesting and significant transparency issues with Chinese stocks, but that’s all I’m going to say, I’m not going to talk about what’s going on behind closed doors.”
The desire by some inside the White house for new controls on the flow of capital to China reflects the multi-dimensional economic war some Trump advisers are eager to wage against a rising economic rival. Beyond the tariffs on some US$360 billion in imports from China imposed since last year, the Trump administration is pursuing strict new controls on exports of technology and has taken a skeptical approach to Chinese-backed investments in the U.S.
The growing Chinese presence on international indexes reflects China’s economic rise and Beijing’s decision to continue opening up its financial markets to outside investors. Earlier this month, China lifted long-standing quantitative limits on foreign investment in mainland markets.
France Dernières Nouvelles, France Actualités
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