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Professor Nouriel Roubini comments on Chinese President Xi Jinping's remarks in Davos

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Excerpt from The Washington Post -- "Nouriel Roubini, an economist at New York University attending the forum, noted that Beijing has prevented many Western firms from investing in China for both political and economic reasons. He cited Facebook and Twitter as examples. Roubini was heartened by an announcement coinciding with Xi's speech that Beijing would ease restrictions on foreign banks, brokerages, and other industries seeking to do business in China. Roubini said that while the details were vague, the statement showed China is taking criticism seriously. 'It's clear that China is open and wants to be more open to trade in goods and services,' he said. 'It's going to be a process.'"

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