China
As the Senate prepares for a crucial vote on a trade bill with China, the Clinton administration is intensifying pressure on wavering senators to reject an amendment that could jeopardize passage this year. The amendment, sponsored by Senators Thompson and Torricelli, aims to impose sanctions on Chinese companies for exporting
China
Chinese Premier Zhu Rongji expressed hope during a meeting with Swiss President Adolf Ogi that Switzerland would adopt a flexible attitude in negotiations over China's accession to the World Trade Organization. The meeting took place at the Great Hall of the People in Beijing today, coinciding with the
China
The Clinton administration's slow pace in announcing the products for carousel retaliation in the banana and beef disputes with Europe has raised questions and concerns among farm groups, potentially affecting the Senate vote on granting permanent normal trade relations to China. According to Chris Garza, the Farm Bureau&
China
As China's entry into the World Trade Organisation (WTO) looms, Volkswagen is planning to take full control of its jointly held car plants in China. Erich Schmitt, a board member of Volkswagen unit Audi and in charge of China operations, has stated that the company will discuss the
China
Beijing's domestic car makers have sparked a new round of price cuts in an attempt to reduce inventories and gain market share. Tianjin Xiali Automobile Co Ltd has reduced the price of two of its Xiali models by about 8,000 yuan (US$965), while First Automotive Works
China
China's accession to the World Trade Organization is being stalled by Switzerland's demand for improved access to the Chinese insurance and financial services market. Despite significant progress in securing bilateral trade agreements with other countries, including the United States and the European Union, China's
China
Volkswagen and its subsidiary, Audi, are well-established in China with a joint venture in Shanghai since 1985 and another in Changchun in 1991. Their cars, such as the Santana and Jetta, have gained a high reputation both in China and globally, with an annual production capacity exceeding 500,000 units
China
With China poised to join the World Trade Organization (WTO), foreign retailers are eagerly anticipating entry into the vast Chinese market, which has long been coveted. Retail giants like Wal-Mart, Metro, and Carrefour are at the forefront of the rush, with significant investments already being made in the country. These
China
Chinese Premier Zhu Rongji believes that joining the World Trade Organization (WTO) will accelerate China's economic and trade cooperation with other Asian countries, as well as promote global trade. In a meeting with Singaporean Senior Minister Lee Kuan Yew, Zhu outlined China's preparations for WTO entry,
China
Volkswagen, the German carmaker leading the Chinese market, has seen sales in the mainland decline in the first five months of the year. Vice-president Stefan Jacoby attributes the 6% drop in sales to 116,000 vehicles to customers delaying purchases in anticipation of the launch of the new Passat model.
China
China's decision to lower trade barriers and join the World Trade Organization (WTO) has significant implications for Illinois-based companies, particularly those in the manufacturing and agriculture sectors. The move is expected to increase sales and expand operations for corporations such as Caterpillar, FMC Corp., and Motorola, which have
China
As a former British colony and now a semiautonomous region of China, Hong Kong has long played a crucial role in the global economy as a trading post between China and the outside world. However, with China's imminent membership in the World Trade Organization (WTO), Hong Kong'
