WASHINGTON–With officials from China and the United States meeting in Washington this week, representatives of the insurance and other financial services industries gathered yesterday to urge that the United States press for greater access and transparency in the Chinese markets.
"Today is about the big picture," said Steve Bartlett, president and chief executive officer of the Financial Services Roundtable. While much of the debate in Washington tends to focus on the "issue du jour," he added the outcome of the talks between the U.S. and Chinese governments could have a fundamental effect on the economies of both nations for a long time.
"This is a big deal for the next 25 years, because it will determine if China joins the modern economic world," said Mr. Bartlett.
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