Hyundai China JV encountering severe political, economic challenges

An employee sits in front of the logo of Hyundai Motor at its dealership in Seoul, South Korea October 26, 2016. REUTERS/Kim Hong-Ji

Hyundai‘s China joint venture is facing “severe challenge” due to a complex political and economic environment and tough local competition, the firm’s chairman said on Wednesday, amid a political stand-off between China and South Korea.

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