China Works to Look Open to Foreign Business as G-20 Summit Nears

Allianz flags at the insurer’s annual meeting in Munich in May. Photo: Sven Hoppe/DPA/Zuma Press By Chao Deng Chao Deng The Wall Street Journal Biography Updated Nov. 26, 2018 9:31 pm ET

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

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