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USA/CHINA – A Messy Financial Divorce for the US and China (George Magnus, Project-Syndicate)

Even as official financial decoupling progresses, US and other financial firms are – with China’s blessing – building asset management, securities, life insurance, fintech, and custody businesses in the Chinese market. Should President-elect Joe Biden’s administration support this process or double down on decoupling?

https://www.project-syndicate.org/commentary/us-china-financial-decoupling-by-george-magnus-2020-12