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China's top market regulator has fined Ford's major Chinese joint venture because of antitrust violations, adding to the woes of the United States' second-largest carmaker in the world's largest car market.

China-Laos practical cooperation has entered a period of fast development. China has become the largest investor and second largest trading partner of Laos. Bilateral trade reached 2.1 billion U.S. dollars in the first nine months of this year, up by 25.1 percent. China's total direct investment in Laos exceeded 6.1 billion U.S. dollars, facilitating the development of hydroelectricity, mining, services trade and other sectors of the local economy. China has been actively involved in delivering a number of assistance projects relating to people's livelihood, including hospitals, roads and schools, contributing to higher living standards and more convenience for the Laotian people. The Nam Leuk hydropower station undertaken by Chinese companies is operating well, and playing an important role in the economic and social development of Laos. Export from Laos to China also expanded, and the Laotian agricultural products including rice, coffee, banana and water melon are increasingly popular among Chinese consumers.

China's top legislature is revising the personal income tax code in a sweeping overhaul of the tax system. Specific personal income tax changes that aim to reduce taxpayer burdens and boost consumption are expected after the proposed changes receive regulatory approval.

Chinese Ambassador to South Africa Lin Songtian said Hisense's portfolio and investment in South Africa have seen good results from comprehensive strategic partnership, and people-to-people exchanges between the two countries. The company benefits from the local investment environment and governmental support, and brings substantial benefits for local residents, he said.

China’s constant pursuit of opening-up, quality and sustainability serves as a vote of confidence for Volvo Cars to deepen its presence in China, according to a senior company executive. The China International Import Expo is an exemplary event for globalization and creating a sound business environment for foreign enterprises, said Michel Zhao, vice president of corporate communications at Volvo Cars Asia Pacific. Globalization goes hand-in-hand with deepened localization. Thanks to its deep roots in China, the company is flexible in resource integration and coordination and is poised to deal with changes caused by external environment and market demand, Zhao said on the sidelines of the second CIIE, which ends on Sunday.“The Volvo S90 from China’s Daqing plant supplied across the globe, as well as the Volvo XC60 from the Chengdu plant serving European, South American and Asian markets, are the best examples of how localization serves global strategies,” she said, adding the Belt and Road Initiative lends the company extra momentum for growth. China’s constant pursuit of quality also redefines “luxury offering”. During the CIIE, the company showcased three new imported vehicle models featuring integrated air purification and filtration technologies, which have become a major draw for spectators. “A premium car is more than having a ‘glittering’ appearance. Instead, we aim to provide passengers with secure and healthy driving experiences and in-car environments,” she said.The carmaker’s commitment to going green resonates with the nation’s sustainability pledge. It is targeting a 40 percent reduction in the carbon footprint of each car it manufactures by 2025, as it bids to become fully climate-neutral by 2040.Zhao pointed out China has a key role to play toward that goal, exemplified by the launch of a dedicated lab in Shanghai for its global battery-related research, the only one outside of its headquarters in Sweden. “The business environment is constantly improving in China and in Shanghai,” Zhao said. “Cutting red tape, a digital one-stop solution for all administrative processes and tax cuts are just some of the things promising us a better future here.”