China Steps Up Scrutiny of Multinationals Over Sovereignty Issues
Delta apologizes for listing Taiwan and Tibet as countries on its website.
By Bloomberg News|January 12, 2018 at 03:37 AM|Originally published on Treasuryandrisk.Com
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China is stepping up its policing of international companies such as Inditex-owned Zara and Delta Air Lines and demanding they respect the government’s position on long-standing territorial disputes from Taiwan to Tibet.
Meanwhile, president of National Foreign Trade Council warns: “This can’t be a mechanism to start raising tariffs on everything. There’d be no end to it.”
Company aims to boost liquidity and pay for rising programming costs. Investors continue to buy its debt, expecting growth in subscriber base to eventually turn cash flows positive.
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