BEIJING — AB Volvo hits another stumbling block in its push for a truckmaking joint venture in China. This time, the US$200 million JV has been postponed by financial problems on the part of its venture partner, China National Heavy-duty Truck Corp. (CNHTC). China's State Council again has blocked the venture until the Chinese truckmaker is able to restructure RMB6 billion (US$720 million) in debt. Bankruptcy is not a factor with a state-owned company, but the state has the power to ...

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