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Sherry Fei Ju

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Award-winning Business Reporter at the Financial Times Formerly CNN/New York Times UCLA & Peking University alum
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News story www.cnbc.com

China cedes to US by opening car industry to foreigners

Beijing seems to be taking a carrot-and-stick approach to its trade dispute with Washington — giving in on a key demand from carmakers but increasing tariffs on US sorghum, the Financial Times reports.