Saturday 24 December 2016

China 2 Trump. Let's Dance

Is the 1982 hit from the stand out album of the same name by David Bowie.
Looks like, China is finally done with talking, and playing PR games, which only makes Donald Trump look strong.
China now says to Trump : Bring it on. Let's Dance. Bloomberg has the story. Read below :

China Slaps GM With $29 Million Fine Amid Growing Tensions

China slapped a $29 million fine on General Motors Co. for antitrust violations, a sign of the growing tensions between the U.S. and the Asian nation

The largest U.S. automaker is accused of setting minimum prices on some models in its SAIC General Motors joint venture. The Shanghai Municipal Development & Reform Commission, which imposed the 201 million yuan fine, alleged in a statement that GM punished dealers who sold cars for less than the prices set by the Detroit-based automaker.

This is the first time China has fined GM, the second-largest foreign carmaker in China by sales.

China-U.S. relations have become strained after President-elect Donald Trump proposed tariffs on Chinese goods, questioned the One-China policy regarding Taiwan and accusedthe Asian nation of stealing an American naval drone in international waters in the South China Sea.

A Communist Party newspaper in November said a “tit for tat” retaliation could follow proposals by Trump for tariffs on the world’s largest trading nation, which had $627 billion in U.S. trade in 2015.