Equity markets hit by more US-China trade tension - China wants to dominate high tech sectors by 2025 - Trump reacts to Harley-Davidson's announcement
The automotive industry is coming under increasing pressure worldwide due to a growing focus on electric mobility, autonomous driving and digital services. Competition from China is also on the rise.
The German development minister has warned African businesses against taking out loans from China. At the same time, the German Finance Ministry is hoping Beijing will be using more financial services from overseas.
Beijing has condemned US legislation that would stop businesses from selling American-made chips to Huawei and ZTE. US lawmakers described Huawei as an "intelligence-gathering arm of the Chinese Communist Party."
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