President Donald Trump arrives for the U.S.-ASEAN Summit at the Philippine International Convention Center, Monday, Nov. 13, 2017, in Manila, Philippines. Photo: AP Photo/Andrew Harnik President Donald Trump arrives for the U.S.-ASEAN Summit at the Philippine International Convention Center, Monday, Nov. 13, 2017, in Manila, Philippines. Photo: AP Photo/Andrew Harnik
President Donald Trump arrives for the U.S.-ASEAN Summit at the Philippine International Convention Center, Monday, Nov. 13, 2017, in Manila, Philippines. Photo: AP Photo/Andrew Harnik

Why China waited for Donald Trump to leave to open the door to its financial sector

US business has long lobbied for Beijing to raise caps on foreign stakes in financial firms but Washington didn’t know the change was coming

Topic |   US-China relations
President Donald Trump arrives for the U.S.-ASEAN Summit at the Philippine International Convention Center, Monday, Nov. 13, 2017, in Manila, Philippines. Photo: AP Photo/Andrew Harnik President Donald Trump arrives for the U.S.-ASEAN Summit at the Philippine International Convention Center, Monday, Nov. 13, 2017, in Manila, Philippines. Photo: AP Photo/Andrew Harnik
President Donald Trump arrives for the U.S.-ASEAN Summit at the Philippine International Convention Center, Monday, Nov. 13, 2017, in Manila, Philippines. Photo: AP Photo/Andrew Harnik
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