Technology, rare earth minerals and the education sector have been dragged into the scuffle between China and the U.S., but as Beijing considers more countermeasures, experts say that America's financial sector is unlikely to be a target.
considers more countermeasures, experts said America's financial sector is unlikely to be a target.
"We believe that the financial regulators ... are looking at ways to really reform, make it more liquid, bring more transparency. We haven't seen any shift in that attitude yet," Douglas Peterson, president and chief executive at financial services and ratings giant S&P Global, told CNBC on Friday., he said that any move to target financial services would be "unusual," because the Chinese "need access to global financial markets.
"The Chinese government wants U.S. and European financial institutions — they are opening up the market. What I heard from Chinese authorities is ... 'we want the financial community to be here,'" he told CNBC., or the renminbi , would likely be a casualty of any move to clamp down on the financial sector.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Explainer: U.S.-China trade war - the levers they can pullThe escalating trade war between the United States and China has gone beyond tar...
Weiterlesen »
Exclusive: U.S. preparing to sell over $2 billion in weapons to Taiwan, testing China - sourcesThe United States is pursuing the sale of more than $2 billion worth of tanks an...
Weiterlesen »
China Warns Citizens Against Traveling To The U.S.China has warned its citizens against traveling to the U.S. The Chinese government cited an increase in crime and harassment, but the move may be about gaining bargaining power in trade negotiations
Weiterlesen »
US rejects GM, Volvo tariff relief requests for China-made SUVsThe United States has rejected separate requests from General Motors and Chinese-owned Volvo Cars for an exemption to a 25% U.S. tariff on their Chinese-made sport utility vehicle models.
Weiterlesen »
Exclusive: US intel shows Saudi Arabia escalated its missile program with help from ChinaExclusive: Sources say US intelligence indicates Saudi Arabia is significantly escalating its ballistic missile program, increasing fears about a Middle East arms race.
Weiterlesen »