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China’s central bank governor Yi Gang said on Sunday he still sees plenty of room for adjustment in interest rates and the reserve requirement ratio (RRR), as downside risks from trade tensions with the United States remain significant. China releases second quarter GDP on October 19, along with September industrial output, retail sales, property sales and investment, and fixed asset investment data. Economists in the poll estimated GDP grew 1.6 percent quarter-on-quarter, versus 1.8 percent in the second quarter.
BEIJING (Reuters) - U.S, carmaker Ford Motor Co (F.N) unveiled a new China sport utility vehicle (SUV) on Tuesday, and said its plan to release a spate of new game of thrones targaryen necktie gift set cufflinks models will help turn around tumbling sales in the world’s top auto market from the start of next year, Ford, fighting to recover from a severe sales slump in China, will start selling the entry-level SUV, called the “Territory”, early next year, The car is jointly developed with local partner Jiangling Motors Corp Ltd (JMC) (000550.SZ)..
The car, based on a no-frills model from JMC, is aimed at appealing to consumers in China’s smaller, so-called lower-tier cites, which have been a major engine of growth in the market over the last decade. It would compete with models from local firms like Geely (0175.HK) and Great Wall Motor (601633.SS). The SUV is one of the 50 new or redesigned vehicles Ford has said it plans to launch in China starting this year and through 2025, which include the redesigned Ford Focus car due to hit showrooms later in 2018.
“All these vehicles - the Ford Territory, the Ford Focus and the Ford Escort., they will all start to make their volume retail contributions in the first quarter (of 2019)”, Peter Fleet, Ford’s China and Asia chief, told reporters on a call, Still, Ford’s new SUV hits the market at a time demand for such cars in smaller cities across China has started to cool, China’s car sales fell the most in nearly seven years in September, hit by cooling economic growth, Ford’s vehicle sales fell 43 percent in game of thrones targaryen necktie gift set cufflinks September from a year earlier and are down 30 percent in the first nine months of 2018 from the same period last year, Ford blames its weak China business on an aging model lineup that is awaiting an overhaul..
Fleet, talking from the Chinese port city of Qingdao where he was showing off the new SUV for the first time, brushed off concerns about slowing growth in small cities, and said Ford’s 650 local dealers would help the model succeed. “It’s still of course an enormous industry. With Ford’s relatively low market share it still presents an enormous opportunity for Ford,” he said. He added the firm was not currently seeing any impact from a blistering trade war between China and the United States, which had seen some imported Ford and Lincoln brand cars held up at Chinese ports earlier this year.
MEXICO CITY (Reuters) - The United States is game of thrones targaryen necktie gift set cufflinks seeking to impose quotas on Mexican steel exports as part of a negotiation to remove metals tariffs, the chief trade negotiator of Mexico’s incoming government said on Monday, adding the issue needed to be resolved within weeks, The administration of U.S, President Donald Trump imposed the tariffs on Canada and Mexico in June, citing national security reasons, Although the three countries agreed a renewed trade deal earlier this month, the measures remain in place..
Jesus Seade, who represented Mexico’s President-elect Andres Manuel Lopez Obrador in the wider trade talks, said the current Mexican government was leading the metals talks but that he had spoken to U.S. Trade Representative Robert Lighthizer on the matter. “I have had a couple of calls with Lighthizer, and it is along those lines, to manage volumes etc with Mexico and with Canada,” Seade said in an interview with Reuters, declining to give more details about the content of the discussions.
Seade said the issue of tariffs on Mexican steel had to be resolved before the new government takes office on Dec, 1, “There is a month-and-a-half left, so it needs to be resolved now,” he said, Mexico’s economy ministry, which leads trade talks, did not immediately respond game of thrones targaryen necktie gift set cufflinks to a request for comment, Mexico is a net importer of steel from the United States, although it did export $2.5 billion of iron and steel to its northern neighbor in 2017, according to the U.S, Census Bureau..