Xu Changming News
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The last time a dispute between Japan and China blew up in 2010 over eight uninhabited islands, the economic fallout lasted less than a month. This time, the spat is prolonging a recession in the world’s third-largest economy.
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Demand for palladium, last quarter’s best-performing precious metal, is exceeding supply for a second consecutive year as mine production stagnates while sales by automakers, the biggest buyers, reach record highs.
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Rubber will likely extend a bull market next year as monetary and fiscal stimulus from Japan to China and the U.S. will accelerate a global recovery and boost raw-material demand.
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Chinese monthly passenger-vehicle sales rose to the highest in almost two years, beating analyst estimates, as consumer confidence improved with the economy and dealerships increased discounts to reduce stockpiles.
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Toyota Motor Corp. production in China fell the most in at least a decade, leading a slump for Japanese automakers, after a sovereignty dispute over uninhabited islets triggered demonstrations and deterred buyers.
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Nissan Motor Co., Japan’s third- biggest carmaker, will raise production capacity by almost 70 percent in China even as it expects sales growth to slow.
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China may encourage carmakers to set up auto financing businesses to boost vehicle sales, an official at the State Information Center said.
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China may overtake Japan to become the country with the second-most vehicles on the road by next year, Shanghai Securities News reported, citing Xu Changming, a research director at the State Information Center.
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Toyota Motor Corp., Volkswagen AG and Nissan Motor Co. are raising production capacity and sales forecasts in China, betting vehicle demand will continue to grow even if the government scraps car-buying incentives.
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China may raise the consumption tax on small cars next year as a reduced rate is no longer needed to boost sales, an official at the State Information Center said.
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