Sheila Bair, former head of the Federal Deposit Insurance Corp

In the United States, regulators are overlapping with each other, which has created a lot of confusion and complexity for foreign investors. On the contrary, China merged separate regulatory bodies of the banking and insurance industries into one, which can realize synergism. In terms of making clear rules, it is worthy for the United States to learn from China.

China plays an important role in many international organizations. If China wants to start participating in the process of formulating international rules, whether large or small, there must be a process of gradual improvement and learning.