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A sister survey released by the NBS on Friday showed growth in China’s service sector moderated in November, but remained at solid levels. That is likely to cushion China’s slowdown somewhat, as services account for more than half of the economy. The official non-manufacturing Purchasing Managers’ Index (PMI) dipped to 53.4 from 53.9 the previous month, with overall business confidence falling to 54.2 from 56.4 in October. China’s policymakers are widely expected to launch more policy support and stimulus measures in coming months if domestic and external conditions continue to deteriorate and earlier steps prove slower-than-expected to kick in.

The central bank has slashed banks’ reserve requirements four times already this year to free up more money to lend to struggling firms, with more cuts expected soon, Economists at ING forecast the central bank will cut banks’ reserve requirement ratios (RRR) every quarter in 2019 to save private firms and avoid major job losses, if the trade war with the United States continues to escalate, In recent weeks, speculation has also swirled over whether China may be considering its first benchmark interest rate cut in three sterling silver drama mask cufflinks years to give a more forceful push to activity, though that would risk adding to a mountain of debt and pressure the yuan currency..

Capital Economics, which has long predicted a benchmark rate cut, recently forecast China’s central bank will start cutting the reverse repo rate in coming weeks to support growth. “For now, the official PMIs suggest that policy easing is still struggling to put a floor beneath growth,” the consultancy wrote in a note. Friday’s survey for the services sector also showed cooling momentum in the construction sector, which the NBS attributed to colder weather. Regulators have been fast tracking infrastructure approvals to lift investment growth from record lows, but analysts say funding remains a concern and the moves may not put a floor under economic growth until the middle of next year.

SHANGHAI (Reuters) - The U.S, head of Nio Inc (NIO.N), an electric carmaker seen as one of the main Chinese rivals to Tesla Inc (TSLA.O), will leave the company, the firm said in a filing on Friday, the first major management departure since its September IPO, Padmasree Warrior, chief executive officer of NIO USA and global chief sterling silver drama mask cufflinks development officer, will resign from her posts on Dec, 17 for “personal interests”, the company said, Warrior joined Nio, previously called NextEV, in 2015, and led the company along with founder and CEO William Li to become one of China’s most legitimate challengers in the global race to develop electric vehicles..

Before joining Nio, Warrior was chief technology and strategy officer at Cisco Systems Inc (CSCO.O) and chief technology officer at Motorola. China is the world’s largest and fast-growing market for new-energy vehicles (NEVs), a category comprising electric battery cars and plug-in electric hybrids. NEV sales in the first 10 months of 2018 came in at 860,000 vehicles, up 75.6 percent year-on-year. Competition is, however, rising as Beijing looks to rein in subsidies that led to a huge array of EV contenders entering the market. Some of those are now being weeded out.

TOKYO (Reuters) - Mitsubishi Motors Corp said on Monday its board removed Carlos Ghosn from his role as chairman, following his arrest and ouster from alliance partner Nissan Motor Co last week for alleged financial misconduct, Ghosn’s sacking in a unanimous board vote marks the end of his chairmanship of Japanese automakers, just two years after he was praised for bringing a steadying hand to Mitsubishi Motors following a cheating scandal in 2016, CEO sterling silver drama mask cufflinks Osamu Masuko will become temporary chairman, the automaker said..

“Ghosn has lost the confidence of Nissan” and it is “difficult for him to fulfill his duties”, spurring the dismissal, Mitsubishi Motors said in a statement. Nissan holds a controlling 34 percent stake in Mitsubishi Motors and has two executives on the board. The move comes amid discontent over French partner Renault SA’s role in the 19-year Franco-Japanese alliance of which Ghosn was the driving force. Sealed in 1999 when Nissan was rescued from near-bankruptcy, it was enlarged in 2016 to include Mitsubishi and enabled the members to jointly develop products and control costs. The alliance vies with Volkswagen AG (VOWG_p.DE) and Toyota Motor Corp for the ranking of the world’s biggest automaker.

Even as Nissan has recovered and grown rapidly, it remains a junior partner in the shareholding structure, Renault owns 43 percent of Nissan and the Japanese automaker holds a 15 percent non-voting stake in the French firm, And Nissan is almost 60 percent bigger than Renault by sales, Top alliance executives are meeting this week in Amsterdam, aiming to shield their joint operations from the fallout of sterling silver drama mask cufflinks Ghosn’s arrest as a power struggle between Nissan and Renault looms, Renault has refrained from firing him as chairman and CEO..



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