Reports: Beijing drops requirement that foreign businesses maintain an office in China

On the heels of a visit from U.S. Commerce Secretary Wilbur Ross and ahead of President Donald Trump's visit in November, China's Ministry of Commerce announced on Tuesday that it had eliminated a requirement that foreign companies establish a representative office in China before doing business there, the South China Morning Post reported on Wednesday. U.S. companies have long taken issue with regulations that require them to establish a presence in foreign countries in order to do business. The...