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Tag Archives: China

U.S. draws China FX into trade dispute as IMF calls for resolution

NUSA DUA, Indonesia (Reuters) – The United States sought to make currency a central part of any solution to a bruising trade fight with China, keeping the pressure on Beijing to speed up economic reforms at a gathering of world policy makers who pledged to do more to safeguard global growth. IMF Managing Director Christine Lagarde (CF), … Reuters: Business ...

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Ford sales in China dropped 43 percent in September

Ford’s sales in China dropped 43 percent in September from the same month a year earlier, a sign that sales are slowing in the world’s largest car market. div > > p:first-child”> This is the third straight month of declining auto sales … Business News

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BMW is paying $4 billion to take control of its China business

BMW is racing ahead of other global automakers in China. The German company said Thursday that it will pay €3.6 billion ($ 4.2 billion) to take control of its business in China. It’s the first international carmaker to announce this kind of deal since the Chinese government moved earlier this year to relax ownership restrictions. Under the deal with its ...

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