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China to maintain prudent monetary policy
China unveiled a list of products worth billion imported from the United States that will be subject to higher tariffs, including soy bean, automobiles and chemical products. [Photo/IC]
China urged India to respect China's territorial sovereignty, abide by relevant bilateral agreements, take practical actions to safeguard peace and tranquillity in border areas and create conditions to properly resolve boundary issues, he said.
China is very farsighted in investing in automation, Jouret said. As the cost of labor increases, the amount of value created per worker has to increase as well, and therefore the automation is important.
China overtook the United States as the world's largest automotive market in 2009 and has since held the title despite the downward sales trend since last year.