SOE Reforms Big Challenge for BAIC

Chinese carmaker Beijing Auto has confirmed that the government is planning to scrap the current 50/50 joint venture requirement with foreign carmakers. BAIC Group makes Mercedes Benz and Hyundai cars in China and its chairman Xu Heyi says reform of state-owned enterprises is the biggest challenge. (Corrects to remove graphic with incorrect spelling of guest's name) (Source: Bloomberg)

U.A.E Set to Impose Excise Tax Starting October
38:38 - The United Arab Emirates will start imposing a tax on selected goods starting Oct. 1 as Gulf Arab nations seek to deepen government revenue to counter the drop in oil prices. Bloomberg's Zainab Fattah reports on "Bloomberg Markets: Middle East." (Source: Bloomberg)
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