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The Wall Street Journal: China opens doors to foreign business ahead of G-20 summit

BEIJING — In its latest move to show it is open for foreign businesses ahead of a summit with President Trump and other Western leaders, China paved a way for German insurer Allianz SE.

With a meeting of the Group of 20 major economies opening Friday, the monthslong trade battle with the U.S. and rising criticism of China’s trade practices from Europe are putting pressure on Chinese President Xi Jinping.

In recent weeks, Chinese regulators permitted American Express Co. AXP, +3.73% to set up card-clearing services and blessed United Technologies Corp.’s UTX, -0.82% $23 billion takeover of airplane-parts maker Rockwell Collins Inc.

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