Chinese President Xi Jinping promised on Tuesday to open the country's economy further and lower import tariffs on products starting with cars, in a speech seen as an attempt to defuse an escalating trade dispute with the United States.
The electric-vehicle maker wants a more equal import and partnership policy between the US and China.
There were any number of things said at the Michelin Challenge Bibendum last week that could easily be taken as platitudes. In the opening address by the CEO of the Michelin Group, Jean-Dominique Senard, for example, we have this: the Challenge has "the goal of imagining and creating the mobility of the future." Does that even have a meaning?
Last weekend's explosion at the factory of an automotive component supplier in China has led to a major crackdown in plant safety across the People's Republic, as the country's communist authorities attempt to avoid another catastrophe.