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Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

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When SpaceX starts trading, some 'shareholders' will discover they own nothing at all

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Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer
China

China Promises Foreign Investors With Greater Market Access—Again

By
Erik Sherman
Erik Sherman
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By
Erik Sherman
Erik Sherman
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November 28, 2018, 8:10 AM ET

China is trying to entice foreign investment with promises of greater consideration for companies trying to do business in the country

Speaking in Madrid ahead of the G20 summit in Argentina later in the week, China’s President Xi Jinping said, “China will make efforts to open, even more, its doors to the exterior world and we will make efforts to streamline access to markets in the areas of investment and protect intellectual property,” Reuters reported.

This isn’t the first time that China has dangled an improved trade environment carrot. Back in May, for example, China’s minister of foreign affairs, Wang Yi, wrote in an editorial in the country’s state-run newspaper, “We will get more in line with international economic and trade rules, significantly widen market access, open the services sector, especially the financial sector, wider, and create a more appealing investment environment,” according to Reuters at the time.

Greater access and improved IP protection would address two major concerns corporations have had about doing business in China. Many have complained about business conditions in the country, such as forced technology transfers and overt favoring of domestic companies, as the New York Times reported.

This could also be part of a strategy to end, or at least moderate, the trade war between China and the U.S. Xi and Donald Trump are scheduled to meet at the G20 summit.

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By Erik Sherman
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