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DETROIT — Ford is cutting about 7,000 white-collar jobs, which would make up 10 percent of its global workforce.
David McCormick, co-CEO of hedge fund Bridgewater Associates, called China "a globally impactful economy" and Chinese assets "a valuable source of diversification".

Daimler is acquiring a stake of around 3 percent in Chinese battery cell maker Farasis Energy as part of efforts to ensure a secure supply for its subsidiary Mercedes-Benz' ambitious electrification strategy, the German group said on Friday.
Dai added that technologies and cultural industries have dramatically changed the landscape of China's tourism industry, which he said is likely to serve the development of tourism.
Data from China Central Depository and Clearing Co Ltd showed that by the end of May, foreign institutions held 2.43 trillion yuan of Chinese bonds, up by 114.6 billion yuan on a monthly basis. In May, the net increase in bond purchases by foreign investors was 167.6 billion yuan, with the average daily trading volume rising to a record.
来源:资阳报