Western businesses in China hold on to hopes for Trump 2.0

Some believe the incoming US president is in a strong position to negotiate a trade deal with Beijing

German companies in China see slump in business confidence

Yahoo News - 7h
Why Brussels hopes cracking down on China will also save EU industry

Also in this newsletter: Is EU drug policy fair to poorer states?
Financial Times - 12h
G.M.’s Ailing China Business Will Deal It a $5 Billion Blow

General Motors and other foreign automakers are selling fewer cars and losing lots of money in China, where domestic electric and hybrid cars have taken off.
The New York Times - 6h
General Motors Takes $5 Billion Hit From Ailing China Business

The charge marks the latest example of how global automakers are struggling in China as local consumers embrace electric vehicles from homegrown brands.
The Wall Street Journal - 2h
General Motors takes more than $5bn charge against China businesses

Move lays bare declining future in what was once the US carmaker’s largest market
Financial Times - 2h
Small Business Owners Brace for Trump’s Proposed Tariffs

While the impact of the proposed import duties will hit small businesses hard, many are awaiting their final form before calculating their own costs.
Inc. - 1h

German companies in China see slump in business confidence