Massive Win for US Companies in China

US companies won big during US President Donald Trump’s recent visit to China. Following the meetings, China announced new rules that allow US companies to claim 51% stakes in JVs with Chinese companies. Until now, China has been hesitant to let overseas companies hold controlling stakes within the country even though experts say it is an important step in allowing investment to flourish. To the surprise of many, Trump did not even post about this achievement on social media or in the 1,392-word statement the White House released about what happened during Trump’s visit.