In the News: Phase One Deal Signed; Online-Only Banking Rules; and US Venture Drop

China, U.S. sign phase one trade deal in trade war breakthrough, but tariffs and issues remain; Reuters reports imminent first rules for online-only banks in China, foreign participation welcomed; and U.S. venture investment in China sinks to six-year low amid trade war and slowing Chinese economy

7 minute readJanuary 20, 2020 at 03:07 AM

Vincent Chow

In the News: Phase One Deal Signed; Online-Only Banking Rules; and US Venture Drop

Phase one trade deal signed, some tariffs removed

China and the U.S. signed a phase one trade deal at the White House on Jan. 15. U.S. President Donald Trump and Chinese Vice Premier Liu He signed the agreement, the culmination of almost two years of negotiations in the ongoing trade war between the world's two large economies.

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