The National Defense Authorization Act (NDAA) for 2027 is coming into focus after the House and Senate armed services committees advanced their versions of the bill earlier this month.
On April 16, Hertz Co. announced it was buying about a 20 percent stake in China Auto Rental Holdings Inc. to gain access to China’s short- and long-term domestic rental car market.
On April 16, Ford Motor Co. announced it was raising its stake in China’s Jiangling Motors Corp. Ltd. to 31.5 percent and may increase it to 32 percent over the next year.
On April 14 during a visit five-day visit to China by Prime Minister Johanna Sigurdardottir, Iceland became the first European country to sign a free-trade agreement with China after nearly six years of talks. The deal will lower tariffs on a range of goods traded between the two countries. Trade between China and Iceland rose […]
On April 9, Christie’s obtained a license to practice in China, making it the first international auction house to operate independently in China.
On April 10, California and China signed an agreement to boost trade and investment by setting up a joint task force between California and China’s Ministry of Commerce and six Chinese provinces and regions. California and China have identified infrastructure, environmental protection, agriculture and bio- and information technology as potential sectors for cooperation.
On April 11, Intel Corp. and China UnionPay Co., Ltd. announced they were collaborating for secure mobile payment in China.
On April 15, California signed an environmental agreement with Guangdong “to help each achieve its low-carbon development goals.”
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On March 24, the governments of China and Tanzania signed 16 economic cooperation agreements worth as much as $16 billion.
On March 25, China signed two contracts to purchase 24 Su-35 fighters and four Lada-class submarines from Russia.
