I think really American-China policy is only unified with a single person in the White House, it's unpredictable. It can flip-flop. I don't think American policy has finally settled in one place where we have decided to treat Communist China as an enemy across the board.

Scott Kennedy

Categorized in : Top News

If you look at other sectors, they are making those kinds of demands in high-tech, automobiles, and commercial airliners. So, that general pressure for foreign companies to partner with state-owned companies is growing.

I think people would read it for what it is - wanting to make sure that whatever access is given to foreign companies, the benefits still accrue to domestic companies.

Xi played a very good hand, he gave comprehensive verbal reassurance combined with limited actual concessions. This will avoid full-blown reaction from the U.S. government and the business community.

The true test will come with implementation, given the recent spate of AML-related (anti-monopoly law) cases against foreign firms, the regulations about the banking sector, and the reduction of foreign firms' products on government procurement lists, there is good reason for foreign firms to be highly concerned.