Beijing however,is cracking down on delinquent debtors by seizing their salaries or restricting them from getting government jobs, as well as curbing their access to high-speed trains and air travel. Many are forbidden from buying expensive insurance policies and told they aren’t allowed to go on vacation or stay in nice hotels. Authorities can detain them if they don’t comply.
Volkswagen is under pressure to pull out of a joint venture in the Xinjiang region of China – the latest example of geopolitical tensions colliding with business priorities for Germany’s biggest manufacturers. These issues are most acute for companies that operate in or have ties to Xinjiang, a region home to millions of Uyghur Muslims where the U.S. says China has conducted genocide and used forced labor. In1984, SAIC Volkswagen Corporation Ltd., Volkswagen Group's first joint venture in China, was founded in Shanghai, followed by FAW-Volkswagen Corporation Ltd.
China and Vietnam announced the new positioning of relations between the two parties and countries and agreed to build a China-Vietnam community with a shared future that carries strategic significance on the basis of deepening the comprehensive strategic cooperative partnership between the two sides.