Solar Energy News  
CAR TECH
GM probed in China for antitrust violations: source
by Staff Writers
Beijing (AFP) Dec 14, 2016


China to fine US automaker: China Daily
Beijing (AFP) Dec 14, 2016 - China will slap fines on an unnamed US carmaker for monopolistic behaviour, the state-run China Daily said Wednesday, as rhetoric over trade heats up between Beijing and US president-elect Donald Trump.

A penalty will be issued "soon" against an American firm for telling distributors to fix prices, the paper said in a front-page story, citing an "exclusive interview" with the director of the price supervision bureau in the country's top economic planner.

Chinese authorities often use state-controlled media to test out lines of attack and broadcast pointed messages while preserving a more neutral official stance.

In an editorial, also published Wednesday, the China Daily took a swaggering tone, saying that if Trump wants to make Taiwan a bargaining chip, "he has no leverage".

"However, since he has indicated with his pre-office sound bites that his real interest is trade, let's talk about trade," it said.

The editorial singled out General Motors, noting that the US automaker sold more than one-third of its nearly 10 million vehicles in China last year.

"For the American economy to be great again," it added, "the US needs to cement its economic relations with China, rather than destroy them".

Asked about the fine at the regular foreign ministry press briefing Wednesday spokesman Geng Shuang said he knew "no details", adding that China welcomes US companies in principle but they must abide by local regulations.

Zhang Handong, director of the National Development and Reform Commission's price supervision bureau, told the newspaper "no one should read anything improper into the timing" of the decision.

The story comes in the midst of a war of words between Trump and Chinese media, after the billionaire businessman suggested he may reject the One China policy unless Beijing makes concessions on trade and other matters.

In an interview Sunday he said he did not see why Washington must "be bound by a One China policy unless we make a deal with China having to do with other things, including trade".

The president elect's protocol-breaking decision to take a call earlier this month with Taiwanese President Tsai Ing-wen has angered Beijing, which regards the island as a rogue province awaiting unification.

Trump has also repeatedly threatened to slap 45 percent tariffs on Chinese exports to the US.

It would not be the first time Chinese regulators have penalised foreign carmakers, with the commission in 2014 slapping multimillion-dollar fines on German and Japanese companies, drawing accusations of protectionism to boost local firms.

Chinese antitrust officials are investigating General Motors in the wake of escalating tensions between Beijing and US President-elect Donald Trump, a person familiar with the matter said Wednesday.

Earlier, the state-run newspaper China Daily reported that China would slap fines on an unnamed US carmaker for monopolistic behaviour.

A penalty will be issued "soon" against an American firm for telling distributors to fix prices, the paper said in a front-page story, citing an "exclusive interview" with the director of the price supervision bureau in the country's top economic planner.

Chinese authorities often use state-controlled media to test out lines of attack and broadcast pointed messages while preserving a more neutral official stance.

Asked about the fine at the regular foreign ministry press briefing Wednesday, spokesman Geng Shuang said he knew "no details", adding that China welcomes US companies in principle but they must abide by local regulations.

Zhang Handong, director of the National Development and Reform Commission's price supervision bureau, which is conducting the probe, told the newspaper "no one should read anything improper into the timing" of the decision.

A spokesman for General Motors, the largest US automaker, said the company was in compliance with the law.

"GM fully respects local laws and regulations wherever we operate. We do not comment on media speculation," he said.

The story comes in the midst of a war of words between Trump and Chinese media, after the billionaire Republican businessman suggested he may reject the One China policy unless Beijing makes concessions on trade and other matters.

In an interview Sunday he said he did not see why Washington must "be bound by a One China policy unless we make a deal with China having to do with other things, including trade".

The president elect's protocol-breaking decision to take a call earlier this month with Taiwanese President Tsai Ing-wen has angered Beijing, which regards the island as a rogue province awaiting unification.

Trump, who takes office on January 20, has also repeatedly threatened to slap 45 percent tariffs on Chinese exports to the US.

It would not be the first time Chinese regulators have penalised foreign carmakers, with the commission in 2014 slapping multimillion-dollar fines on German and Japanese companies, drawing accusations of protectionism to boost local firms.

In an editorial, also published Wednesday, the China Daily took a swaggering tone, saying that if Trump wants to make Taiwan a bargaining chip, "he has no leverage".

"However, since he has indicated with his pre-office sound bites that his real interest is trade, let's talk about trade," it said.

The editorial singled out General Motors, noting that the US automaker had sold in China more than one-third of the nearly 10 million vehicles it sold last year.

"For the American economy to be great again," it added, "the US needs to cement its economic relations with China, rather than destroy them".


Comment on this article using your Disqus, Facebook, Google or Twitter login.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Car Technology at SpaceMart.com






Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
CAR TECH
GM first to deliver mid-priced, all-electric car
New York (AFP) Dec 13, 2016
General Motors began deliveries Tuesday of the first all-electric car model aimed at the middle market, getting a head start on Tesla Motors and other competitors. GM delivered the Chevrolet Bolt EV to three customers in California, including one in Fremont, where Tesla has a big factory. The Bolt can travel up to 238 miles on a full charge. It lists for $37,495, but consumers are eligi ... read more


CAR TECH
People willing to pay more for new biofuels

Investing in the 'bioeconomy' could create jobs and reduce carbon emissions

Argonne researchers study how reflectivity of biofuel crops impacts climate

UNIST researchers turn waste gas into road-ready diesel fuel

CAR TECH
A skillful rescue robot with remote-control function

Artificial intelligence creeps into daily life

Internal sensors help soft robot hand feel the world like a human

Chinese firm scraps German tech deal after US block

CAR TECH
Offshore wind makes U.S. debut

Apple invests in China wind farms

German energy company plants wind farm seed in Texas

New York to bid in Federal Offshore Wind Auction

CAR TECH
GM first to deliver mid-priced, all-electric car

French cars lead EU list of low CO2 emitters, Ferrari fined

California shuts down Uber's self-driving cars

Uber defies California, keeps self-driving cars rolling

CAR TECH
Finger swipe-powered phone? We're 1 step closer

Battery research reaching out to higher voltages

Could a seawater battery help end our dependence on lithium?

Researchers peer into atom-sized tunnels in hunt for better battery

CAR TECH
Bulgaria seeks investor to revive nuclear project

Japan switches on nuclear reactor after safety shutdown

Fukushima costs to double to nearly $180 bn: report

'Diamond-age' of power generation as nuclear batteries developed

CAR TECH
Energy-hungry Asia slowing down, lender says

US push to low-carbon future 'unstoppable': Biden

China's Shanghai Electric to invest $9bn in Pakistan upgrades

China power plant collapse kills at least 22: Xinhua

CAR TECH
A roadmap for guiding development and conservation in the Amazon

Indonesia expands protection for peatlands, climate

Laser technique boosts aerial imaging of woodlands

Green groups pressure Spain over 'at risk' wetlands









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.