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BEIJING (Reuters) – Tesla Inc (TSLA.O) has registered a financial leasing company in China, a local business registration filing shows, in the latest sign the U.S. electric car maker is attempting to speed up its push into China. The California-based carmaker, led by billionaire Chief Executive Elon Musk, has opened a wholly-owned financial leasing unit in Shanghai’s free trade zone with registered capital of $30 million, according to China’s National Enterprise Information Publicity System cufflinks cheapest.
Its scope includes leasing and consultancy, the document said, which listed the firm’s legal representative as Zhu Xiaotong, Tesla’s boss in China. Tesla declined to comment. The company has opened a tender process to build its Shanghai Gigafactory and at least one contractor has started buying materials, Reuters reported earlier this month. The $2 billion factory, Tesla’s first in China, marks a major bet by the U.S. electric vehicle (EV) maker as it looks to bolster its presence in the world’s biggest auto market where it faces rising competition from a swathe of domestic EV makers and its earnings have been hit by increased tariffs on U.S. imports cufflinks cheapest.
BEIJING (Reuters) – China and the United States have made plans for face-to-face consultations over trade in January, the Chinese commerce ministry said on Thursday, as the world’s two biggest economies advanced efforts to resolve a months-long trade war cufflinks cheapest. Consultations through “intensive” telephone calls will continue in the meantime, Gao Feng, spokesman at the commerce ministry, told reporters, adding that talks have been steadily moving forward despite the Christmas break in the United States..
“Even as the U.S side is in the Christmas holiday period, China and U.S. economic and trade teams have been in close communication, and the consultations are progressing in an orderly manner as scheduled,” Gao said, when asked about progress on negotiations. Gao did not comment directly when asked to confirm a media report on a U.S. trade delegation visit scheduled for the week of Jan cufflinks cheapest. 7. “The two sides have indeed made specific arrangements for face-to-face consultations in January in addition to continuing intensive telephone consultations,” he said, without elaborating..
U.S. and Chinese officials have spoken by phone in recent weeks, but a meeting next month would be the first in-person talks since U.S. President Donald Trump met his Chinese counterpart, Xi Jinping, in Buenos Aires on Dec. 1. Trump and Xi agreed to stop escalating tit-for-tat tariffs that have disrupted the flow of hundreds of billions of dollars of goods between the two countries. The leaders also agreed to launch new talks while the United States delayed a planned Jan. 1 tariff increase until March cufflinks cheapest.