China is still reportedly dragging its feet in opening its market to Visa, Mastercard

China is still reportedly dragging its feet in opening its market to Visa, Mastercard

5 years ago
Anonymous $L9wC17otzH

https://www.cnbc.com/2019/01/14/china-still-slow-in-opening-market-to-visa-mastercard.html

One of the most-touted areas of the so-called opening up of China's economy remains a challenging market for some foreign giants.

With a flurry of announcements in 2018, Beijing loosened its control on the finance industry in what some called an "unprecedented" way. The moves came as complaints about unequal access for foreign players in the country escalated trade tensions between the U.S. and China. But amid ongoing negotiations, not many foreign companies have gotten full access to the massive Asian market yet.