...just 40 years after some believe
China opens $45 trillion financial market as US closes
Global Times
09:39, June 15, 2020
China took a concrete step over the weekend to further open up its $45 trillion financial market to foreign investors, as the country's central bank issued a license to US credit card company American Express to clear transactions in the Chinese mainland, the first of such licenses for any foreign institution in line with the country's long-term opening-up policies.
China opens $45 trillion financial market as US closes
Global Times
09:39, June 15, 2020
China took a concrete step over the weekend to further open up its $45 trillion financial market to foreign investors, as the country's central bank issued a license to US credit card company American Express to clear transactions in the Chinese mainland, the first of such licenses for any foreign institution in line with the country's long-term opening-up policies.
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