China’s Unfair and Dangerous E-Payments Policy

China’s Unfair and Dangerous E-Payments Policy
Chinese leader Xi Jinping (C) and President Donald Trump (R) greet each other as they attend a state dinner, along with Xi's wife, Peng Liyuan (L), and First Lady Melania Trump (2nd L), in Beijing on Nov. 9, 2017. Thomas Peter/Pool/Getty Images
Patrick Basham
Updated:
President Donald Trump’s Asia trip highlighted the difficulty in reducing barriers to entry for American companies to key Chinese sectors. American innovation in the electronic payment services sector, for example, places the United States’ leading finance companies on the cusp of a breakthrough into the coveted Chinese marketplace.
But China’s unfair trading practices threaten to turn an enormous growth opportunity into a costly economic problem for U.S. companies and a probable security problem for American consumers.
Patrick Basham
Patrick Basham
Author
Patrick Basham is founding director of the Democracy Institute, a Washington- and London-based, politically independent research organization.
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