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U.S. Continues To Press China On E-Pay As Beijing Issues New Draft Rules

July 23, 2015 at 9:46 PM
The United States continued to press China to further open up its market to foreign providers of electronic payment services (EPS) at this week's meeting of the World Trade Organization's Dispute Settlement Body (DSB), amid indications that Beijing is taking further regulatory action to do so. At the July 20 DSB meeting, the U.S. referenced new draft regulations that the People's Bank of China issued earlier this month which "[set] forth some procedures for EPS suppliers to follow when seeking...

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