LEGACY OF FAILURES
The agreement is the latest example of China's growing clout on the international stage. It also reflects Beijing's aspirations to build global brands that carry both prestige and higher profit margins in a drive to transform China from workshop of the world to a name that equates with quality and innovation.
It's been a work in progress. The previous auto deals weren't the only debacles.
China's TCL Multimedia took the industry by surprise in ...
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