Kudlow suggests China will lift equity caps, allow foreign ownership of companies

China will soon allow foreign companies to own their operations there, White House National Economic Council Director Larry Kudlow suggested on Monday. “Regarding the forced transfer of technology, one of the ways to solve that is to let American companies or any foreign companies own their companies ... in China,” Kudlow said on CNBC Monday morning. “Not 49 percent, which forces you to put the blueprint on the table for the provincial governors, and then they take all the technology...