Volkswagen AG forecast its sales in China will increase 10 percent or more in 2014, signaling the German automaker will outsell General Motors Co. in the world’s biggest auto market for a second-straight year.
A military base Japan is building on its westernmost island, near an archipelago claimed by China, will fill a gap in security, Defense Minister Itsunori Onodera said at a ceremony marking the start of construction.
Fiat SpA plans to begin making Jeep sport utility vehicles in China, the largest market for the brand outside the U.S., by late 2015 after reaching an agreement with local partner Guangzhou Automobile Group Co.
China should rein in yuan intervention and let the currency advance to curb growth in its $3.95 trillion foreign-exchange reserves, according to a former central bank adviser and the nation’s biggest investment bank.
Asian stocks rose this week after U.S. data and earnings boosted optimism about the world’s biggest economy while further signs of slowdown in China stoked speculation the government will add stimulus to stabilize growth.