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2018/11/29: Why is GM cutting car production in U.S.? | Who's responsible for U.S.' opioid crisis?

3,267 views · Published 30 November 2018 · 27:21 · Indexed 11 October 2026

Channel: CGTN · 2018 · News & Politics

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U.S. President Donald Trump has threatened to eliminate subsidies for leading American carmaker General Motors after the company announced plans to shut down four manufacturing plants in Ohio, Michigan, and Maryland. But what's the reason behind this decision by the auto giant? And does the president have any power to carry out his threats?

A commission set up by the U.S. Congress has accused China of not doing enough to cut the flow of synthetic opioid fentanyl into the United States. In response, the Chinese Ministry of Foreign Affairs has said that most of the psychoactive substances are designed in the laboratories of Europe and the U.S., and further processing and consumer markets are mainly in these countries. Has the U.S. government done enough at home to address the issue? 


Guests:
John Allison, CEO and chairman, Unio Capital
Prof. John Gong, University of International Business and Economics
Prof. Wang Hanling, Chinese Academy of Social Sciences
Max Wolff, chief economist, iCash Group


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