China threatens to retaliate against Trump
China’s state-run newspaper, the Global Times, has taken issue with Trump pledge to rein in China with respect to trade in an effort to revive the Unites States’ manufacturing business. In an editorial, the paper openly criticized the President-elect, stating that his currency manipulation accusations could mean that “China's reputation will be affected, and the trade atmosphere between China and the US will become more tense.”
Retail sales of cars, sport utility and multipurpose vehicles increased 20 percent to 2.22 million units last month, according to the China Passenger Car Association. Deliveries rose 15 percent to 18.7 million units in the first 10 months.
Tencent has also gotten into on the action, having helped finance movies like “Warcraft” and “Kong: Skull Island." Now the company is getting ready to spend a good amount of money over the next two to continue to invest in those projects, according to a report from Bloomberg on Tuesday. In the next two years, Tencent will spend at least 2 billion yuan ($295 million) investing in Hollywood and Chinese films. That includes 1 billion yuan in 2016, and more than that in 2017.