China slaps GM with $29 million fine amid growing tensions

[jasongraygits]

China slapped a $29 million fine on General Motors for antitrust violations, a sign of the growing tensions between the US and the Asian nation.

[Blue Bowtie]

The same thing happened with China fining Daimler, Toyota, Audi, and Nissan. Now GM's joint venture in China has been slapped. As a result it will possibly end all joint ventures with major manufacturers. This could be a step back into the dark ages for China, as retaliatory trade policies are seldom taken lightly.