Manufacturers like BYD, Tesla and Li Auto are cutting prices to move their electric cars. For gasoline-powered vehicles, the surplus of factories is even worse.
Category: China Economy
China’s Investors Are Losing Faith in Its Markets and Economy
As their losses pile up, Chinese investors are losing confidence not only in the stock market but in the government’s ability to turn the economy around.
After China Evergrande, Real Estate Crisis ‘Has Not Touched Bottom’
The forced liquidation of China Evergrande epitomizes the sector’s struggles: Nationwide, sales are down and millions of homes have been paid for but not delivered.
Real Estate Giant China Evergrande Will Be Liquidated
After multiple delays and even a few faint glimmers of hope, a Hong Kong court has sounded the death knell for what was once China’s biggest real estate firm.
Hong Kong Stocks Plunge to Losses for 4th Straight Year
Investors worried about China’s economy shunned Hong Kong’s stock market, once one of the biggest and most important in the world.
China’s Property Crisis Blew Up Investments That Couldn’t Lose
Citic said its new fund was as safe as they come because it would invest in real estate. Then the developer defaulted and the projects stalled.
How China Is Profiting From Trade With Russia
The country’s trade with Russia this year has exceeded $200 billion, and makers of cars and trucks are the big winners.