Nippon Steel & Sumitomo Metal Corp

MNC in the News-2019-02-01

A German Chamber of Commerce in China (AHK) survey makes clear German companies are concerned by China’s slow progress in resolving persistent problems facing foreign direct investment (FDI). European Commission considering taking action to prevent EU businesses from using 5G mobile networks provided by any country or company suspected of using its equipment for spying or sabotage. In 2018, Chinese firms were the biggest buyers of overseas mining assets, especially minerals needed for clean energy technologies and electric car batteries. French President Emmanuel Macron tells Japanese Prime Minister Shinzo Abe he is worried about Carlos Ghosn’s jail conditions and suggests Tokyo intervene in the selection of Nissan’s new chairman. Japanese lawmakers call for Japanese government to take a stronger stance against South Korea on historical disputes pertaining to Japanese companies. Seoul will focus on attracting foreign companies with high-end technologies by offering better incentives and fewer regulations. Rising trade barriers and a poor local economic situation are pushing an increasing number of Korean manufacturers abroad.