The world’s second largest economy is currently fighting slowing growth at home and a trade war with the US. – EPA pic, July 20, 2019.
CHINA lifted some restrictions on foreign investment in the financial sector today, as the world’s second largest economy fights slowing growth at home and a damaging trade war with the US. China will remove shareholding limits on foreign ownership of securities, insurance and fund management firms in 2020, a year earlier than originally planned, the Financial Stability and Development Committee said in a statement posted by the central bank today.
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