>> China says it's getting ready to punish a major US car maker. The question is, which one? According to State media on Wednesday, a big American name will be hit with penalties for what Beijing calls monopolistic behavior but that's about all its clear so far. As Reuters John Rivers reports from Shanghai, it's difficult to ignore the timing of the message.
The timing is suspicious given the fact that Donald Trump made some comments recently that have thrown into question, the whole One-China principle, which has been the bedrock of China-US relations and China's relations with other countries around the world. This article on the front page of the China Daily was accompanied on the inside by an editorial that criticized Mr. Trump for potentially damaging the US Economic relationship with China for political gain.
>> Foreign companies do come in to the cross airs of Chinese regulators from time to time. And the official line from Beijing is that no one should read too much into the target or timing of the penalty. There's no telling which company Beijing is cryptically talking about. But given which US car makers do the most business in China, educated guesses can be made.
>> From the US, the big players pretty much are GM and Ford. There's also Fiat Chrysler. There are also some suppliers from the US that are operating here in China and we don't at this stage which, if any, of these companies it might be.>> For now, the details from China are simply too thin to draw a straight line connecting the car maker punishment to Donald Trump.
But a certain line in Wednesday's edition of the state-run people's daily newspaper may offer a clue as to what's behind the crackdown. History proves that what's good for Sino-US relations is good for their economies.