China to fine US carmaker over price fixing, says official daily

Beijing

CHINA will soon slap a penalty on an unnamed United States carmaker for monopolistic behaviour, the official China Daily newspaper reported on Wednesday, quoting a senior state planning official.

News of the penalty comes at a sensitive time for China-US relations after US President-elect Donald Trump called into question a long-standing US policy of acknowledging that Taiwan is part of "one China". Beijing maintains that self-ruled Taiwan is a wayward province of China and has never renounced the use of force to take it back.