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The U.S. and China
are on the cusp of a "historic" deal that would commit Beijing to
cut subsidies for state-owned companies and disclose when its
central bank intervenes in currency markets, a top White House adviser
said. China has also pledged to "de-emphasize" plans to
dominate in emerging technologies, including electric vehicles, outlined in a Made-in-China 2025
plan, said Larry Kudlow, director of the National Economic Council.
STUTTGART -- Daimler plans to deepen
partnerships with Chinese suppliers as part of efforts to develop electric and
connected vehicles. Wilko Stark, board member for procurement at
Mercedes-Benz, said the shift to electric and
connected cars has made Mercedes-Benz more dependent on battery
cell chemistry and connected-vehicle expertise from outside.