Foreign firms wary of growing role of party in their operations

Fri, Oct 20, 2017 - 5:50 AM

China's top banking regulator Guo Shuqing indicated that barriers to foreign participation in its financial services sector may be lowered.

Beijing

FOREIGN companies in China have welcomed the ruling Communist Party's move to set up cells in their firms, a senior official said on Thursday, although some executives have expressed concern about the party's growing role in their operations.

The presence of party units has...

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