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The developing dispute over US tariffs of Chinese-made tires is likely to drive prices higher for Americans as Chinese tire producers appeal for a collective price hike.
China's Ministry of Commerce said Tuesday it has not received an application from Sichuan Tengzhong Heavy Industrial Machinery Co. over their Hummer deal.
When Yang Xiaotang, a fashion magazine editor living in Beijing, started her online shopping life five years ago, little did she imagine that one day she would buy a car with just few clicks on a website.
Just two days after the decision by the United States to levy heavy import tariffs on Chinese tires, the government here has reacted by launching an anti-dumping and anti-subsidies investigation into automotive and chicken exports from the US.
China's tire companies may stop exporting to the US for the first year of the new tariff, bringing an initial loss of about $1 billion. Full Coverage
China's Minister of Commerce Chen Deming said Saturday the US decision to impose special protectionist tariffs on tire imports from China was grave trade protectionism and sent a wrong signal to the world.
US President Barack Obama has decided to impose punitive tariffs on all car and light truck tires from China for three years, the White House announced on Friday.
China's domestically-made and imported cars saw prices slightly down in August from July, according to a report from the price monitoring center under the National Development and Reform Commission (NDRC), China's top economic planner, Thursday.
BYD Co plans to list itself on the Shenzhen Stock Exchange next year with a 100 million share issue to raise funds for its new energy vehicle projects, according to a senior company official.
Sales of domestically made automobiles in China totaled 1.14 million units last month, up 81.68 percent from a year earlier, the China Association of Automobile Manufacturers (CAAM) said Tuesday.
China's auto sales figure in August is expected to exceed 1 million units for the sixth consecutive month, a senior official of the China Association of Automobile Manufacturers (CAAM) said Monday.
Domestic passenger vehicle sales hit a new record high in August, nearly doubling over last year, far beyond industry expectations.
