SHENZHEN — Chinese authorities decide to shut down a Hong Kong-Mainland tire-making joint venture. The China International Economic and Trade Arbitration Commission terminated the joint venture that forms Chongqing C.S.I. Tyre Co. Ltd. The JV, between Chongqing Tyre Chief Factory and China Tire Holding Ltd., will proceed to liquidation, the decision states. The commission also ruled that Chongqing Factory has 45 days to compensate China Tire for RMB15.2 million (US$1.8 million) for its ...
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