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American vehicle exports to China face a 25 percent tariff. China has suggested it would add another 25 percent to counter proposed US tariffs on Chinese exports. The US imposes a 2.5 percent tariff on imported cars and 25 percent tariff on imported trucks from World Trade Organization members and with the proposed tariffs on China these rates would go to 27.5 percent and 50 percent said Dziczek.

Among the many moves that the online company has taken is customer appreciation strategy where it is offering redeemable cash rewards worth one million dollars and discounted deals including and not limited to up to 80 percent off across the three markets.

Among the potential bidders is a consortium being formed by Shenzhen-listed Sinocare Inc, which develops and manufactures blood sugar monitoring systems, and China Jianyin Investment Ltd (JIC), a unit of sovereign wealth fund China Investment Corp. The group has hired an advisor to work on a bid, according to two sources.

Among the top 10 in the report, the Shanghai metropolitan area, which includes Shanghai, Suzhou, Wuxi, Nantong, Ningbo, Jiaxing, Zhoushan and Huzhou, had a GDP of 9.1 trillion yuan (.33 trillion) last year.

Among the country’s enterprises, tech giant Huawei Investment & Holding Co Ltd took the top spot in attracting media coverage from Google News, Facebook, YouTube last year, while Lenovo Group Ltd ranked first in reports from Twitter, Instagram and Wikipedia, said a report released by the National Center for Communication Innovation Studies at Communication University of China.