As Wall Street stays bullish on China, the challenge is selling it to US middle and working class

Source: China – South China Morning PostDespite an all-fronts rivalry between China and the US, Wall Street has continued to double down on the world’s No 2 economy.In the latest development, Goldman Sachs said it had received approval from the China Securities Regulatory Commission to take full ownership of its Chinese joint venture Gao Hua Securities.This follows JP Morgan’s takeover of its joint venture in August to become China’s first securities firm wholly owned by foreign investors. The Chinese leadership has long remained in…Read More