Paul Gillis |
The Washington Post:
The changes could be good news for U.S. companies, though experts said they need to know more about the rules and the timing of the changes. “It is a positive step forward,” said Paul Gillis, a professor at Guanghua School of Management in Beijing. “Fifty-one percent [joint ventures] offer control to the foreign investor, although the devil is in the details as to how management and the board are structured.”...
“China likes to throw bones to foreign visitors, so it was expected that Trump would be given some good news,” Gillis said. “I doubt it is significant, however. It certainly won’t create any U.S. jobs.”More at the Washington Post.
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