Chinese sales help restore General Motors to profit
General Motors car sales in China leapt by 48.5% in the first half of the year as the Detroit firm continued its recovery
America’s largest carmaker, General Motors, is selling more vehicles in China than in its home market for the first time in its 102-year history. GM’s auto sales in China leapt by 48.5% to [...]
China guilty of protecting false economy, claims EU
• EU delegate’s letter accuses China of continued protectionism• Chinese policy has led to ‘worsening of the business climate’
China is failing to honour its pledges to open its markets to foreign companies and liberalise its economy, the European Union claimed today, noting that member countries still export more to Switzerland than they do to the [...]
US federal deficit: who owns America’s debt?
Find out which countries are propping up the US economy
China has defended its investment in US Treasury bonds, amid concern that its position as the biggest investor in US debt may become political as well as economic.
Treasury bonds are how the US – and all governments for that matter – borrow money: they issue government [...]
Federal deficit: who owns America’s debt?
Find out which countries are propping up the US economy
The US national debt is still rocketing: the federal deficit climbed higher into record territory in August – hitting $1.38tn.
Where does that debt come from? The answer is Treasury bonds. This is how the US – and all governments for that matter – borrow money: they [...]
