THE TICKERTreasury Secretary Steven Mnuchin and Commerce Secretary Wilbur Ross leave their hotel in Beijing for trade negotiations with Chinese officials on Friday. (AP Photo/Mark Schiefelbein)Even a limited trade spat with China could do real economic damage both at home and abroad. — China to open financial industry. Much as World Trade Organization entry in 2001 revolutionized the manufacturing industry, opening the financial sector could transform how capital is allocated and wealth managed across China." The new war chest by the government-backed China Integrated Circuit Industry Investment Fund Co. follows a similar fund launched in 2014...

Source: Washington Post May 07, 2018 12:11 UTC