Trade: China and Trade Deal

trade: As trade talks get back on track, some Western media outlets hope China can make compromises to reach a trade deal with the US. It is far too early to predict what China will agree to in the coming days amid the negotiations, but it is clear China won't cede its core interests in exchange for a trade deal, according to Global Times China. Despite trade tensions with the US, China needs to steadfastly stick to the path of further opening up its economy to foreign investors, but the country will follow its own speed and rhythm in opening-up and avoid being coerced by the US. Earlier this month, China announced measures to further open up its financial markets, encouraging overseas financial institutions to invest in the asset management subsidiaries of commercial banks. Some Chinese observers have expressed concern about whether the country has gone too far in allowing foreign investors to enjoy free access to China's strategic assets. Over the past few years, China has accelerated efforts to further open up its economy by allowing foreign capital access to more financial services such as the bond market, insurance, asset management and pension funds. This is a testing time marked by uncertainty amid the trade war. However, that doesn't mean China must fully open its financial sector immediately and take no precautions against external risks. (news.financializer.com). As reported in the news.