CHINA CONTINUES DRIVE TO TUNE UP AUTO SECTOR
CHINA CONTINUES DRIVE TO TUNE UP AUTO SECTOR
China's strategy for its much-coveted automotive sector is emerging in fits and starts, with Chrysler Corp. the only U.S. manufacturer clearly in the big leagues.The latest proposal is to create so-called enterprise groups comprising eight makers of sedans and small cars. To do so, the government intends to pool 1000 billion yuan (US$120 billion) in support funds over the next five years. Zhang Xiaoyu, head of the automotive department of the Ministry of the Machine-building...
THE CHINESE WILD CARD, IF THE ECONOMY BECOMES ISSUE NO. 1 IN THE PRESIDENTIAL CAMPAIGN, ALL EYES SHOULD BE ON CHINA
There are 9 million unemployed Americans. Each of us knows at least one person who is now out of work. In 2005, American consumers bought $102 billion more in Chinese manufactured goods than our country sold to the Chinese. This represents a staggering trade deficit. To put it in perspective, America's trade deficit with China is over twice as large as the annual cost to American taxpayers of maintaining our 150,000 American servicemen and women in Iraq.Despite the outbreak of...
CHINA PLANS CONSOLIDATION OF ITS AUTOMAKING SECTOR
More than 100 vehicle plants in China will be consolidated into three ''globally competitive" giants over the next three years, a senior official said Thursday.Ye Qing, vice chairman of the State Council, China's Cabinet, also clarified a ban on new assembly ventures involving overseas companies. For two years ending in December 1996, no overseas manufacturers will be allowed to build "whole cars" in China, Mr. Ye...
China's strategy for its much-coveted automotive sector is emerging in fits and starts, with Chrysler Corp. the only U.S. manufacturer clearly in the big leagues.The latest proposal is to create so-called enterprise groups comprising eight makers of sedans and small cars. To do so, the government intends to pool 1000 billion yuan (US$120 billion) in support funds over the next five years. Zhang Xiaoyu, head of the automotive department of the Ministry of the Machine-building...
THE CHINESE WILD CARD, IF THE ECONOMY BECOMES ISSUE NO. 1 IN THE PRESIDENTIAL CAMPAIGN, ALL EYES SHOULD BE ON CHINA
There are 9 million unemployed Americans. Each of us knows at least one person who is now out of work. In 2005, American consumers bought $102 billion more in Chinese manufactured goods than our country sold to the Chinese. This represents a staggering trade deficit. To put it in perspective, America's trade deficit with China is over twice as large as the annual cost to American taxpayers of maintaining our 150,000 American servicemen and women in Iraq.Despite the outbreak of...
CHINA PLANS CONSOLIDATION OF ITS AUTOMAKING SECTOR
More than 100 vehicle plants in China will be consolidated into three ''globally competitive" giants over the next three years, a senior official said Thursday.Ye Qing, vice chairman of the State Council, China's Cabinet, also clarified a ban on new assembly ventures involving overseas companies. For two years ending in December 1996, no overseas manufacturers will be allowed to build "whole cars" in China, Mr. Ye...
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