Technology, rare earth minerals and the education sector have been dragged into the scuffle between China and the U.S., but as Beijing considers more countermeasures, experts say that America's financial sector is unlikely to be a target.
considers more countermeasures, experts said America's financial sector is unlikely to be a target.
"We believe that the financial regulators ... are looking at ways to really reform, make it more liquid, bring more transparency. We haven't seen any shift in that attitude yet," Douglas Peterson, president and chief executive at financial services and ratings giant S&P Global, told CNBC on Friday., he said that any move to target financial services would be "unusual," because the Chinese "need access to global financial markets.
"The Chinese government wants U.S. and European financial institutions — they are opening up the market. What I heard from Chinese authorities is ... 'we want the financial community to be here,'" he told CNBC., or the renminbi , would likely be a casualty of any move to clamp down on the financial sector.
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