Markets News 

BMW, Mercedes-Benz lower prices in China after VAT drop

“BMW said it would reduce prices for both domestically produced and imported models, including the locally-made BMW 3 series and BMW 5 series, along with the BMW X5 and BMW 7 import models” writes Midwest Communications Inc for 95kqds.com. Daimler AG-owned Mercedes-Benz announced similar price cuts on a range of its cars, also effective immediately, in advance of the upcoming VAT drop.SHANGHAI (Reuters) – BMW AG and Mercedes-Benz said on Saturday they will lower their prices in China, after the government announced it will reduce the country’s value-added tax (VAT)…

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Foreign brands escape China’s glare at annual consumer day gala

“Known as “315”, in reference to global consumer rights day on March 15, the show this year did not put any household names under the spotlight” writes Midwest Communications Inc for 95kqds.com. Beijing has pledged to improve its protection of consumer rights and the country’s market regulator on Thursday said it received more than 3.7 million complaints and recovered 3.1 billion yuan in damages for consumers in 2018. Source: 95kqds.com

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China’s Premier Acknowledges Economic Slowdown, Promising Tax Cuts

“Li delivered his acknowledgment of the slowdown at an annual meeting with foreign and domestic reporters that the Chinese leadership often uses to outline its priorities to its people and the world” reports nytimes.com. However, recently released economic data has suggested that the government is indeed turning to monetary expansion and heavy infrastructure investments in an effort to stabilize growth.He appeared to be addressing concerns that the United States and some of its allies have been raising about Huawei, the Chinese technology giant. Source: nytimes.com

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News Regulators 

China customs lifts suspension on Tesla Model 3 imports: sources

“BEIJING (Reuters) – China’s customs authority has lifted their suspension on imports of Tesla’s Model 3 after the U.S. electric car maker made the necessary rectifications, two sources familiar with the matter said on Thursday” writes Midwest Communications Inc for 95kqds.com. China’s General Administration of Customs stopped clearing Tesla Model 3 imports last week, saying that they did not have the required Chinese language warning signs and had missing or incorrect nameplate labels. Tesla declined to comment and China’s customs authority declined to provide immediate comment. Source: 95kqds.com

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US issues warning to Italy on China economic initiative

“The European Union country is weighing sign ing up with China’s global economic effort, called the Belt and Road Initiative” reports washingtonexaminer.com. Its turn to China signals an upset for the U.S. as the Trump administration has been actively seeking to curb Chinese global influence.Like other nations in southern Europe, Italy wants to pull itself out of an economic recession.”Italy is a major global economy and a great investment destination. Source: washingtonexaminer.com

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Markets News Stocks 

Need to Know: A Chinese brokerage’s warning on its red-hot stock market

“Those shares responded by tanking 10%, and as weak export data piled on, the Shanghai Composite finished down over 4%” writes Markets Reporter for marketwatch.com. The problems are not limited to China data though.Global equities are doing a hard south turn, which is not helping the mood, as downbeat China data drove the worst losses since October for the Shanghai Composite.Investors have been creeping back into China, after the main market there tumbled nearly 25% for 2018, far worse than the 4% drop for the S&P 500.Then, wholesale inventories and…

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Markets News Stocks 

Why investors need to take care with China’s hot stock market

“Those shares responded by tanking 10%, and as weak export data piled on, the Shanghai Composite finished down over 4%” writes Markets Reporter for marketwatch.com. The problems are not limited to China data though.Global equities are doing a hard south turn, which is not helping the mood, as downbeat China data drove the worst losses since October for the Shanghai Composite.Investors have been creeping back into China, after the main market there tumbled nearly 25% for 2018, far worse than the 4% drop for the S&P 500.Then, wholesale inventories and…

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Mark Zuckerberg’s vision for Facebook sounds a lot like China, where I couldn’t buy a cup of coffee without the app that dominates people’s lives there

“In China, many Chinese are okay with the ubiquity of apps like WeChat because it comes down to a trade-off between convenience and privacy” writes Harrison Jacobs for businessinsider.com. That kind of data is the long play that it sounds like Facebook has in mind.Chinese internet services have developed rapidly through widespread access to the user data generated by mobile payments, food deliveries, ride-hailing, messaging, and other services. Source: businessinsider.com

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In sensitive year for China, warnings against ‘erroneous thoughts’

“BEIJING (Reuters) – China’s ruling Communist Party is ramping up calls for political loyalty in a year of sensitive anniversaries, warning against “erroneous thoughts” as officials fall over themselves to pledge allegiance to President Xi Jinping and his philosophy” writes Midwest Communications Inc for 95kqds.com. “Be on high alert to all kinds of erroneous thoughts, vague understandings, and bad phenomena in ideological areas,” it warned.China has persistently denied its war on corruption is about political maneuvering or Xi taking down his enemies. Source: 95kqds.com

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A trade deal lesson for Trump from China’s talk of reform

“The Trump administration has set itself an ambitious agenda for a trade deal with China, essentially asking that the country restructure its economic model” reports washingtonexaminer.com. Similarly, the National People’s Congress is expected to rubber-stamp a new law on foreign investment Friday that is meant to address technology transfer, a key issue for the Trump administration.As the Trump administration works to resolve its trade concerns with Beijing, it must not accept mere shifts in rhetoric, without robust enforcement or policy changes, as real progress. Source: washingtonexaminer.com

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