Engage China Coalition Urges Geithner to Discuss Market-Opening Reforms
The Engage China coalition -- of which ABA is a member -- yesterday urged Secretary Timothy Geithner to discuss the benefits of market-opening reforms and the modernization of China’s financial services sector during his talks with the nation’s leaders in Beijing this week.
“Such reforms would level the playing field and give foreign financial services companies greater access to China’s growing consumer base and create jobs for American workers,” the coalition said in a statement. “Greater participation by U.S. financial institutions, banking, insurance and securities firms in China's financial sector will help China achieve its economic goal of building a more services-based, consumer-driven economy.”
http://www.aba.com/aba/documents/news/EngageChina1812.pdf