(Bloomberg) — It took one of the biggest stock-market routs in Chinese history, but President Xi Jinping may finally be heeding the concerns of international investors.
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A sweeping set of promises this week from Xi’s government to make regulation more transparent and predictable — as well as a commitment to overseas markets including Hong Kong — suggests authorities are appealing to investors abroad. The ruling Communist Party is seeking to regain the trust of international funds and the global business community after the country was lumped in with Russia as an “uninvestable” destination.
China has more overtly distanced itself from Russia over the past week, saying it wants to avoid being impacted by U.S. sanctions and promising to “never attack” Ukraine. Xi is set to speak with U.S. President Joe Biden on Friday morning in Washington for the first…
