But the celebration may have been a bit premature, as negotiators from the United States and China continue to hammer out the details and tensions between the world’s two largest economies simmer beneath the surface.
“The policy is still evolving, and there’s still a lot of uncertainty,” Xiaomeng Lu of the consultancy Eurasia Group told me.
Over the weekend, the China Securities Regulatory Commission, the country’s top securities watchdog, proposed changing a decade-old rule that forbids Chinese firms from sharing sensitive data and financial information with overseas regulators.
Remember: US regulators have long complained that they can’t access the books of Chinese companies. In 2020, the Holding Foreign Companies Accountable Act was signed into law, giving the Securities and Exchange Commission power to…