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Is Beijing Opening Its Financial Markets to Save Its Economy?

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Is Beijing Opening Its Financial Markets to Save Its Economy?
A Chinese bank employee counts 100-yuan notes and US dollar bills at a bank counter in Nantong in China's eastern Jiangsu Province on Aug. 6, 2019. STR/AFP/Getty Images
Cheng Xiaonong
Updated:
Commentary
As China continues to see its economy decline and foreign exchange reserves shrink, the Chinese Communist Party (CCP) has announced plans to open up the Chinese financial markets to foreign countries as a way to alleviate an immediate economic crisis and address long term concerns. 
Cheng Xiaonong
Cheng Xiaonong
Contributor
Dr. Cheng Xiaonong is a scholar of China’s politics and economy based in New Jersey. Cheng was a policy researcher and aide to the former Party leader Zhao Ziyang, when Zhao was premier. He also served as chief editor of the journal Modern China Studies.
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