trade
US Secretary of State Antony Blinken addressed points of difference with China regarding unfair trading practices in talks on Thursday with Shanghai Party Secretary Chen Jining, US press reports said. Blinken pressed "Chinese officials on a wide range of issues, including its support for Russia, cheap Chinese exports that US officials say threaten American jobs, and Chinese ships' aggressive manoeuvres in the South China Sea," the New York Times reported, citing a senior State Department official. The Chinese Foreign Ministry emphasized that China had always implemented economic and trade coop...
DPA International
US Secretary of State Antony Blinken addressed points of difference with China regarding unfair trading practices in talks on Thursday with Shanghai Party Secretary Chen Jining, US press reports said. Blinken pressed "Chinese officials on a wide range of issues, including its support for Russia, cheap Chinese exports that US officials say threaten American jobs, and Chinese ships' aggressive manoeuvres in the South China Sea," the New York Times reported, citing a senior State Department official. The Chinese Foreign Ministry emphasized that China had always implemented economic and trade coop...
DPA
US Secretary of State Antony Blinken addressed points of difference with China regarding unfair trading practices in talks on Thursday with Shanghai Party Secretary Chen Jining, US press reports said. Blinken pressed "Chinese officials on a wide range of issues, including its support for Russia, cheap Chinese exports that US officials say threaten American jobs, and Chinese ships' aggressive manoeuvres in the South China Sea," the New York Times reported, citing a senior State Department official. The Chinese Foreign Ministry emphasized that China had always implemented economic and trade coop...
DPA Breaking News
Brussels (Belgium) (AFP) - The European Union on Wednesday announced a probe into China's medical devices market, prompting an immediate accusation from Beijing that the bloc was engaging in "protectionism". Brussels suspects China is favouring its own suppliers for the procurement of medical devices. The EU's official administrative journal, announcing the probe, set out ways that could be happening, including through a "Buy China" policy. The EU also has concerns that China may have restricted imports and imposed conditions "leading to abnormally low bids that cannot be sustained by profit-...
AFP
Leaders of German automotive giant Volkswagen (VW) are expecting the next two years in the highly competitive Chinese car market to be difficult, but don't fear challenges from rival Chinese carmakers in the European market. Chinese carmakers will eventually need to invest in European production plants to build vehicles locally instead of shipping huge numbers of finished vehicles by ocean, Ralf Brandstätter, head of VW's China business, said on Wednesday in Beijing ahead of a major auto show in the Chinese capital. That would also put Chinese competitors on more equal footing with European ri...
DPA International
Leaders of German automotive giant Volkswagen (VW) are expecting the next two years in the highly competitive Chinese car market to be difficult, but don't fear challenges from rival Chinese carmakers in the European market. Chinese carmakers will eventually need to invest in European production plants to build vehicles locally instead of shipping huge numbers of finished vehicles by ocean, Ralf Brandstätter, head of VW's China business, said on Wednesday in Beijing ahead of a major auto show in the Chinese capital. That would also put Chinese competitors on more equal footing with European ri...
DPA
Leaders of German automotive giant Volkswagen (VW) are expecting the next two years in the highly competitive Chinese car market to be difficult, but don't fear challenges from rival Chinese carmakers in the European market. Chinese carmakers will eventually need to invest in European production plants to build vehicles locally instead of shipping huge numbers of finished vehicles by ocean, Ralf Brandstätter, head of VW's China business, said on Wednesday in Beijing ahead of a major auto show in the Chinese capital. That would also put Chinese competitors on more equal footing with European ri...
DPA Breaking News
German automotive giant Volkswagen (VW) is expecting the next two years in the highly competitive Chinese car market to be difficult. "In April, we saw another round of price reductions coming, so this fierce competition will hold on for the next few years," VW board member Ralf Brandstätter said in Beijing ahead of a major upcoming motor show due to open next week. Many manufacturers of purely electric cars have significantly damaged their profit margins in recent years, he said, "so this leads to a consolidation of the market." He suggested that companies with lower sales volumes, below 100,...
DPA
German automotive giant Volkswagen (VW) is expecting the next two years in the highly competitive Chinese car market to be difficult. "In April, we saw another round of price reductions coming, so this fierce competition will hold on for the next few years," VW board member Ralf Brandstätter said in Beijing ahead of a major upcoming motor show due to open next week. Many manufacturers of purely electric cars have significantly damaged their profit margins in recent years, he said, "so this leads to a consolidation of the market." He suggested that companies with lower sales volumes, below 100,...
DPA International
German automotive giant Volkswagen (VW) is expecting the next two years in the highly competitive Chinese car market to be difficult. "In April, we saw another round of price reductions coming, so this fierce competition will hold on for the next few years," VW board member Ralf Brandstätter said in Beijing ahead of a major upcoming motor show due to open next week. Many manufacturers of purely electric cars have significantly damaged their profit margins in recent years, he said, "so this leads to a consolidation of the market." He suggested that companies with lower sales volumes, below 100,...
DPA Breaking News
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