China's property crisis could take many years to resolve as the country has built many houses and its rapid urbanization has slowed, says a Chinese economist.
Japanese companies have left China one after another. After Sony and Daikin, Mitsubishi may cease production in China due to deteriorating business environment.
The advertising company was accused of violating the U.S. Foreign Corrupt Practices Act through the actions of its agency, which was operating in China.
Chairs of three House committees warn Ford of a congressional subpoena or notification to appear before Congress if the company continues to defy their probes.