Economies the us pays a twenty five percent tariff on cars it brings to china while china only pays two point five percent in judys on cars it exports to the u. S. Thats not the complete picture the u. S. Sells six times more cars in china than the other way around but Appeasing Washington was the thrust of chinese president xi jinping speech to an audience of International Business leaders at the ball out for. Young. She charged we will lower the import tariffs for cars. John b. At the same time we will lower the import tariffs of some other products the only legal there are cards to respect the peoples demands for special superior product imports. She also pledged improved access to the Financial Sector and stronger intellectual Property Rights although the us was not specifically
mentioned she speech seemed that addressing the sources of the Trade Conflict his words were welcomed by markets the world over but china has made similar commitments before with little implementation this
Important job in the german car industry as miller took over the helm the fog starting back in twenty fifteen his mission dragging the company out of the diesel gate crisis and by some measures at least he succeeded last year v. W. Sold more cars than ever before is this kind is that its first in considering the journey so far which has felt like a roller coaster at times its not a given that we can say today that the company is in very good shape. Is. For. Miller has been praised for managing to communicate effectively with both trade unions and politicians and for restructuring the company but its up to the man who could succeed him to announce the most severe cost reductions here. Brown chief is not a favorite with the unions but he appears to be popular with the board of directors theyll meet on friday potentially to decide on a replacement for malarkey. Now d. W. Business editor Stephen Beardsley has been following the developments at folks live for us and is here joining me in th
beyond but the success of the city will depend on the rise and fall of the companies it attracts finds their mars tama and total have already arrived for now they ve limited themselves to small scale production for the market but there s plenty of room for growth city planners are especially proud of the harbor it s already the second largest in the country like the rest of the city it was built by a private investor shows and demonstrates the maximum participation of the private sector this is purely private sector economy and it is none of the pendant and it is proving the quality of life but this may not be everybody s idea of a good quality of life project managers have organized jazz concerts in an attempt to inject life into the city a few hundred people turned up but that can t disguise the fact that king abdullah economic city is missing something perhaps the soul. that one can only come with
a ghost town. this one is designed for the rich but even here over half of the apartment blocks remain empty. a seaview for the wealthy with the swimming pool out back among those living here already is the project s corporate communications manager it s the fact that my can my dogs can go out and walk the dog along the promenade there s no cars there s no traffic because it s all pedestrian ised it s easy for me to get around the city it s very convenient but it is a new city i don t have a shopping mall on the on the on the doorstep. inside two hundred fifty square metres of luxury three bedrooms about kony and a terrorist for eight hundred thousand euros the target market young ambitious executives from saudi arabia and beyond but the success of the city will depend on the rise and fall of the companies it attracts finds their mars tama and total have