Trump Kicking China’s Assets Off Wall Street

What was once a talking point is now a real threat to Beijing's access to US capital

The American flag and Wall St. street sign outside the New York Stock Exchange, in New York, on June 27, 2014. Mark Lennihan/AP Photo

Commentary

Over the past two decades or so, Chinese companies didn’t have to worry about being regulated by Wall Street watchdogs. They were exempt from having to follow U.S. accounting standards and benefited from massive inflows of American capital. It was good business for both sides, but especially for China.