Similar Stories to U.s. Business Group Tells China To Open Insurance And Securities Markets on Bing News

joannaplucinska, Time
Thu, 08/27/2015 - 11:49pm

(BEIJING) — An American business group urged China on Friday to allow more access to its insurance and other service industries, saying foreign skills could help develop its volatile stock markets and cope with disasters like the recent chemical explosion in Tianjin. Opening largely closed banking, logistics and other markets wider to foreign competitors would support the communist leadership’s effort to nurture service industries and reduce reliance on trade and investment to drive economic growth, the American Chamber of Commerce in China said. The group’s deputy chairman, Lester Ross, pointed to China’s stock market plunge and the Aug.

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