On Tuesday, a spokesperson for China’s Ministry of Commerce said the agency had not yet received an application from Tengzhong to purchase HUMMER from GM. According to Reuters, Tengzhong has submitted the application to other government agencies, but not to Commerce.
Last week the application was reviewed by the National Development and Reform Commission, which said it would be seen as a trade deal and the ultimate decision would be made by the Ministry of Commerce.
It’s possible Tengzhong could hold off sending the application until the international stir between the Ministry of Commerce and the Obama administration settles down. Currently, the Ministry is appealing Obama’s decision to impose tariffs on Chinese-made tires to the World Trade Organization, and has also launched an investigation into ‘unfair’ U.S. imports of Automobiles and Chicken.
Related posts:
- Problematic Chinese Regulator Bows From Debate
- Chinese Returned HUMMER Deal for Clarification, Not Rejection
- Chinese Regulators Supportive of HUMMER Deal
- Chinese Regulators Debate HUMMER Deal
- HUMMER Deal Ongoing Despite Chinese Radio Rumors
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September 15th, 2009 at 9:40 am
Will this EVER end!!