China Gets Rights to Establish Bank in US

By the Price of BusinessRadio Partners of US Daily Review. 

M-F at 8 pm CST on, hosted by US Daily Review Publisher/Editor in Chief, Kevin Price.
Dr. Derek Scissors, of the Heritage Foundation, was on a recent Price of Business discussing how the federal government is allowing China to create a bank in the United States. What did the US get in exchange for this? What does this mean to US banking?
About Derek Scissors

Derek Scissors focuses his studies on the economies of China and India as senior research fellow for economics in Heritage’s Asian Studies Center. He also analyzes and comments on broader economic trends in Asia, as well as related challenges facing the United States.

Scissors has testified before the U.S. House of Representative on rare earth elements, the U.S. Senate on exchange rate disputes between America and China and the U.S.-China Economic and Security Commission on Chinese investment in America.

Scissors’ analysis and commentary have appeared in Foreign AffairsNational ReviewThe New York Times, The Wall Street Journal’s Asia edition and Indian news outlets such as The Hindu. Scissors and his work also have been featured in The Financial TimesThe Washington Post, The Economic Times of India and by news agencies such as the Associated Press, Dow Jones, Reuters and Xinhua.

Television audiences know Scissors as a guest commentator on Bloomberg, CNBC, CNN, Fox and Fox Business, MSNBC and China’s CCTV, among other major cable and broadcast outlets. His appearances on radio include Fox Radio, National Public Radio and Public Radio International.

All opinions expressed on USDR are those of the author and not necessarily those of US Daily Review.

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