In December, European Union finance ministers failed to agree a tax on digital revenues, despite a last minute Franco-German plan to salvage the proposal by narrowing its focus to companies such as Google and Facebook.
The administration of U.S. President Donald Trump is pushing China to agree to regular reviews of its compliance as a condition of any trade deal between the world’s two biggest economies, according to people familiar with the talks.
Chinese output data on Monday will set the tone for a week that also sees the first policy updates of the year by the European Central Bank and the Bank of Japan against the backdrop of a continued global economic slowdown.
“Things are going very well with China and with trade,” Trump told reporters at the White House, adding that he had seen some “false reports” indicating that U.S. tariffs on Chinese products would be lifted.
Growing signs of weakness in China — which has generated nearly a third of global growth in the past decade — are stoking worries about risks to the world economy and are weighing on profits for firms ranging from Apple to big carmakers.
The delegation, which included French government-designated Renault director Martin Vial, also said that it wanted to name Nissan’s next chairman, according to the report. Nissan was not immediately available for comment.
The report went on to say that 24 percent of the firms that will invest in automation and digital technologies over the next two years plan to add jobs compared to 18 percent of those who are not automating.
Elon Musk faces a narrowing window in which his electric luxury vehicles enjoy a monopoly in the segment that Tesla created and defined. Over the next several years, established automakers plan to spend nearly $300 billion on electric vehicles and batteries.