China's market regulator said on Friday it approved Detroit-based American Axle & Manufacturing's purchase of GKN Automotive owner Dowlais Group , stating that it had "fully considered" the possible impact of the transaction on competition in China.
The proposed tie-up between Rio Tinto , and Glencore could require asset sales to secure regulatory approval from top commodity buyer China, which has longstanding concerns about resource security and market concentration.
U.S. Trade Representative Jamieson Greer said the Canadian government's decision to allow in up to 49,000 Chinese electric vehicles at a low tariff rate is "problematic" and that Canada may come to regret the decision.