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Goldman Sachs ends China inbound travel ban, allowing some travel

Goldman Sachs has lifted a ban on inbound travel by certain staff members and retirees to China and Taiwan, the first major U.S. investment bank to make such an announcement after days of mounting tension between the world’s largest economies.

The ban, which was implemented in the run-up to the trade war, had held for China and Taiwan only, and applied to Morgan Stanley and J.P. Morgan Chase, which have no direct offices in China.

But Goldman Sachs said on Wednesday that it will no longer “selectively” follow the rule. It said it was opening both countries to Goldman Sachs employees for business and personal travel. It did not say how many people would be allowed in.

Goldman Sachs’s announcement marked the most significant step in easing restrictions on U.S. financial firms’ travel to China since the trade war intensified last summer, but it had long been expected to be lifted.

“Goldman Sachs is a company with an important presence in China, and we have always welcomed the very significant business opportunities that it brings,” Chairman and Chief Executive Officer Lloyd Blankfein said in a statement. “We’re pleased to have reached this accommodation with the government and look forward to greater access for our employees.”

The restrictions, imposed in August, followed a series of meetings in which U.S. officials accused China of repeatedly breaking commitments to protect U.S. intellectual property.

The latest round of retaliatory tariffs came on Friday, prompting the decision by several U.S. banks to restrict travel by their China-based staff to the world’s second-largest economy. The rules apply to inbound travel only.

U.S. investment banks are wary of China following a 35 percent tariff on $112 billion in U.S. products imposed on Sept. 24 and last weekend’s arrest of a senior executive of Huawei, the world’s largest telecommunications equipment maker.

“I don’t know what is going on in China,” said Wells Fargo & Co. executive, noting that travel restrictions are rarely lifted in the U.S. “It’s a very fluid environment, especially in China.”

“It’s usually the other way around — China restricts travel, then we restrict it,”

What’s New in the?

Import feedback from printed paper or PDFs and add changes to your drawings automatically, without additional drawing steps. (video: 1:15 min.)

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If you’re a design engineer, the Markup Viewer makes it possible for you to zoom, rotate and pan to a single location in your drawing. You can view and edit annotations or drawing markup, as well as measure and dimension the 3D objects in your model in one place.

Intelli-CAD users will find many new features available in the category menus, such as:

3D coordination has never been more powerful. Now you can work faster and more efficiently.

Incorporate 3D object information from other CAD systems directly into your models. Just like you can integrate image and drawing information from other CAD systems into your drawings, you can also incorporate other 3D information into your models. This feature makes it easy to create models that integrate the information in your designs, such as materials, mechanical, electrical or any other properties. This feature makes it easy to create models that integrate the information in your designs, such as materials, mechanical, electrical or any other properties.

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System Requirements For AutoCAD:

Minimum:
OS: Windows 10 or Windows 8.1 (64-bit)
Processor: Intel Core 2 Duo E6800 (2.66 GHz) or AMD Phenom X4 965 (2.8 GHz)
Memory: 2 GB RAM (32-bit)
Graphics: DirectX 9.0c Compatible with HD 4800 or higher
DirectX: Version 9.0c
Hard Drive: 500 MB free hard drive space
Recommended:
OS: Windows 10 or Windows 8.1 (64

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