A year into China’s big bang opening of its financial markets, Wall Street has ever more to lose from a growing consensus in Washington over reining in Beijing. It’s a risk they’re willing to take. A star-studded cast of global banks and fund houses have increased their presence in China this year and a record $212bn of foreign funds have poured into Chinese bonds and stocks. Alongside have come a myriad of measures from Washington aimed at decoupling the US from China, an issue that’s drawn bipartisan support given widespread alarm about the Asian nation’s rising influence in global affairs. The latest US salvo was fired on Wednesday with the passage of legislation that could lead to Chine
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