Lardy: Despite the rhetoric, US-China financial decoupling is not happening

2020/07/06 wwchu 中國經改─金融

Nicholas R. Lardy (PIIE) and Tianlei Huang (PIIE)

https://www.piie.com/blogs/china-economic-watch/despite-rhetoric-us-china-financial-decoupling-not-happening

But for all the fireworks over tariffs and investment restrictions, China’s integration into global financial markets continues apace. Indeed, that integration appears on most metrics to have accelerated over the past year. And US-based financial institutions are actively participating in this process, making financial decoupling between the United States and China increasingly unlikely. An examination of the data shows the danger of generalizing based on misleading anecdotal evidence.

REGULATORY REFORM IN CHINA HAS OPENED THE WAY FOR FOREIGN FINANCIAL INSTITUTIONS