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PostPosted: 09/09/2018, 09:35 pm    Post subject: promote balanced tra Reply with quote

BERLIN nike air force 1 high womens sale , Aug. 3 (Xinhua) -- Despite ongoing scandals surrounding excessive nitrogen oxide emissions from diesel vehicles, and illicit collusion in the German automotive industry, BMW expressed confidence on Thursday that business would continue to improve during the second half of 2017.

The Munich-based firm now expects "solid" revenue growth of more than 5 percent, upgrading an earlier estimate for slight growth of up to 5 percent.

On Wednesday, BMW had surprised markets by releasing strong second quarter figures. The car manufacturer sold more than 633 nike air force 1 high mens sale ,000 vehicles internationally between April and June, an increase of more than 5 percent compared to the previous year.

Nonetheless, analysts are concerned about the potential cost of anti-trust fines and diesel motor upgrades for the DAX-listed company. Nearly a third of vehicles in BMW's fleet are diesel-fueled, the highest share of all luxury carmakers according to experts.

Chief executive officer (CEO) Harald Krueger has announced his intention to introduce new models in the more profitable high-end segment as a means of generating funds for research into and development of self-driving electric cars.

BMW has offered to install free software upgrades in 225,000 diesel vehicles to lower their nitrogen oxide emissions. Additionally nike air force 1 high sale , the firm is offering premiums to swap older, more polluting diesel vehicles against newer, more efficient, diesel or electric models.

Krueger called for a return to a less emotional discussion on the subject of diesel. According to the CEO, environmental protection included combatting climate change and in this regard nike air force 1 low womens sale , diesel motors were superior to traditional combustion engines. Modern diesel vehicles were also comparable or superior to combustion engines when it came to nitrogen oxide pollution, he said.

Krueger rejected claims that his company had sought to falsify diesel vehicles' emission levels during test settings. BMW used technology which differed markedly from that of its competitors, he argued.

"The results of national and international investigations by authorities have confirmed that vehicles of the BMW Group were not manipulated," Krueger said.

Aerial view of Hohhot in China's Inner Mongolia

Jilin issues yellow alert for flood

Teams join in competition of Int'l Army Games in China's Xinjiang

Highway winding across mountains in S China's Guangxi

Military parade held to mark PLA 90th birthday (Part I)

SWAT team members take part in drill

Acrobatic show staged in China's Xinjiang

Martial arts competition held in China's Henan

WASHINGTON, July 20 (Xinhua) -- China agreed to expand bilateral trade in services with the United States during the first China-U.S. Comprehensive Economic Dialogue (CED) concluded on Wednesday.

"Despite a huge deficit in services trade with the United States nike air force 1 low mens sale , China nevertheless believed that trade in services between China and the United States is mutually beneficial, and is willing to engage in mutually-beneficial and win-win cooperation in trade in services," a Chinese delegate to the one-day talks said Thursday in a statement to Xinhua.

Given the differences between China and the United States in the size and structure of their services industries, it is possible to exploit their own comparative advantages and complement each other, the statement said nike air force 1 low sale , adding that "expanding bilateral trade in services can also promote balanced trading relations between the two sides."

The two countries discussed trade in services in the high-level economic dialogue, and the United States expected China to further open up its services market, according to the statement.

"China agreed to further open up, deepen its cooperation with the United States, and forge new areas of growth in bilateral commercial cooperation nike air force 1 deconstruct sale ," said the Chinese delegate.

The Chinese State Council last week approved a pilot plan to open up Beijing's service industry by removing some restrictions on the sector. Local governments will ease restrictions on foreign investments, streamline regulations and encourage innovation.

The plan also highlights reforms in major areas, including science and technology services, the Internet and communication, culture nike air force 1 premium sale , education, finance and tourism.

China has been trying to shift its economy toward a growth model powered by consumption, services and innovation. The service sector accounted for more than half of the Chinese economy last year.

David Dollar, a senior fellow at the Brookings Institution (a century-old U.S. think tank based in Washington, D.C.) nike air force 1 07 sale , and former official with the U.S. Treasury Department, believed a high-quality U.S.-China bilateral investment treaty (BIT) would help U.S. export services to China and build the foundation for a better bilateral trading relationship.

"The U.S. primarily exports services. It's hard to export services if you cannot invest. So I see the bilateral treaty as an opportunity for U.S. firms to have new business in China, and that's going to encourage more exports and create good jobs in the United States," Dollar told Xinhua.

In Dollar's view, the Trump administration may not have enough resources to resume BIT negotiations with China in the next two years , as the administration has chosen to renegotiate the North American Free Trade Agreement with Canada and Mexico and modify its free trade agreement with South Korea.

"The United States Trade Representative's Office is actually quite a small department with limited capacity...It's hard for them to then have a third priority," he said.

Chinese Vice Finance Minister Zhu Guangyao said Wednesday that China understands that the Trump administration has to revise all the bilateral and multilateral investment and trade deals with other countries, which could take some
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