China eases restrictions on foreign investors, but is it too little too late?

Jake Parker, a senior vice-president at the US-China Business Council, a non-profit organisation that promotes trade between the two countries, described the shortening of the list as “another positive signal that China is implementing its commitments made in the phase one trade deal.” However, he said the council was disappointed to see only limited openings in the telecoms and entertainment industries where US firms had an advantage and hoped Beijing would take steps to open them further.