Is Wall Street winning in China?
As America tries to cut links, China is opening its door to foreign capital and firms
IF YOU WANT a sure-fire way to get rejected, try asking Western financial firms for interviews about how geopolitical tensions have affected their strategies in China. “This topic carries some sensitivities,” one bank demurs. “We don’t want to end up in a Trump tweet,” says another. The Economist sought interviews with 15 global banks, insurers and asset managers. All declined to speak—except on background.
This article appeared in the Finance & economics section of the print edition under the headline “Present tense, future market”
From the September 5th 2020 edition
Discover stories from this section and more in the list of contents
Explore the editionDiscover more
Which economy did best in 2024?
We rank countries on five measures
Are adults forgetting how to read?
A survey by the OECD suggests a worrying decline in literacy
How much oil can Trump pump?
The president-elect wants to be the ultimate energy baron
The hidden cost of Chinese loans
Governments that borrow from China must pay more to borrow from others
Xi Jinping’s campaign against gambling is a failure
Chinese citizens go to great lengths to bet
How sports gambling became ubiquitous
Europe is at the centre of the industry’s growth