Trump opens China up on his Asian tour - UOB

Ross J Burland FXStreet

Analysts at UOB Group explained that US President Donald Trump is on the last leg of his Asia tour.

Key Quotes:

"US President Donald Trump is on the last leg of his Asia tour in the Philippines on Mon-Tue to attend the ASEAN and East Asia summit meetings and meet with Philippines President Rodrigo Duterte.

Trump’s visit to the China has yielded the announcement of more than $250 bn in business deals in China."

"Furthermore, China took a major step to open its financial market after the meeting, to allow foreign banks to own up to 51% stakes in Chinese securities, fund management companies and this cap will be removed after three years."

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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