Premier Says China Open to Foreign Business

Chinese President Xi Jinping has sought to reassure US business leaders, in a wide-ranging speech covering China’s economic reforms and cyber crime.

Speaking in Seattle at the start of his state visit to the US, Mr Xi said foreign firms were welcome in China, and that Beijing would not manipulate its currency to boost exports.

He also denied Beijing engages in hacking but said China would co-operate with Washington on the issue.

Both issues have led to strained ties.

Hacking and economic reforms are expected to come up when Mr Xi meets his US counterpart Barack Obama at the White House on Friday.

via BBC

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza