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

January 20, 2020 | BY

Vincent Chow

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

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