Alfa Bank: US-sanctioned Russian banking giant expands in China
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HONG KONG (AP) — Stocks in Asia were mostly down Tuesday, after U.S. President Donald Trump imposed 25% tariffs on all U.S. imports of steel and aluminum.
HONG KONG (AP) — China on Tuesday announced a flurry of retaliatory measures against the U.S., including tariffs on imports of products such as coal, liquefied natural gas products and crude oil, as well as an antitrust probe into Google. It also placed two other U.S. firms on an unreliable entity list that could bar them from investing in China.
Mitsubishi Electric, the Japanese maker of programmable logic controllers and other industrial automation equipment, plans to establish complete supply chains in China to compete more effectively in local markets and avoid problems that might arise from US trade restrictions.
Inside China, it was called the tipping point for the global technological rivalry with the United States and the “darkest hour” in Silicon Valley, evoking Winston Churchill. It was possibly a breakthrough that could change the country’s destiny.
When a group of prominent Chinese doctors publicly raised worries last week about the quality of domestic drugs, China’s government sent officials to investigate.
More than 50% of all cars sold in China last year were electric vehicles, making China by far the largest EV market in the world.
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