China Vs. AmericaBy
Last year, when Chrysler Corp. became the top contender for a $1.2 billion deal to produce minivans in southern China, U.S. companies seemed to be in the driver's seat in the world's most important emerging market. But on July 12, in a gesture apparently designed to jolt Washington, Chinese President Jiang Zemin took aim at Corporate America. During a visit to Germany, he snubbed the U.S. auto maker and handed rival Daimler Benz the project to make 60,000 minivans and 100,000 engines.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.