A coffee shop displays signs for Visa and MasterCard, May 1, 2013.
Image Source: 
REUTERS/Jonathan Ernst

Martin Chorzempa (PIIE)

The “phase one” trade agreement between the United States and China promises greater access to Chinese consumers and businesses for Visa, Mastercard, JPMorgan Chase, and other US financial and insurance companies. But it remains to be seen how much access financial institutions really got from the accord.

Photo Credit: 
REUTERS/Jonathan Ernst