A $7.8 billion factory planned by a Chinese company in eastern Hungary has become divisive even within the party of Prime Minister Viktor Orban, who championed it.
Category: China
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A Hungarian Town Seethes Over a Giant Chinese Battery Plant
The New York Times – Business: -
Volkswagen Will Invest $193 Billion in Electric Cars and Software
The New York Times – Business:The German automaker announced a plan to accelerate its transition to battery-powered vehicles and bolster operations in China and North America.
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To Rein in China’s Banks, Xi Uses Familiar Playbook
The New York Times – Business:Xi Jinping is revamping China’s regulatory framework so the ruling Communist Party can assert more direct control over financial policy.
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China’s New Premier Needs to Revive Growth. How Far Will Loyalty Get Him?
The New York Times – Business:Li Qiang’s business-friendly reputation could bolster confidence in China’s economy. But he is stepping into a role with diminished power under Xi Jinping.
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As Economy Falters, China’s New Premier Tries to Boost Business Confidence
The New York Times – Business:Li Qiang, the country’s No. 2 leader, sought to reassure entrepreneurs who have been wary of making new investments.
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Biden and E.U. Leader to Discuss Ukraine and Trade Spat
The New York Times – Business:President Biden and the European Commission president are set to discuss how to effectively counter Russia and a potential trade deal for electric vehicles.
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Why China Is Turning the Screw Tighter on Oversight of Banking and Tech
The New York Times – Business:A series of regulatory changes approved this week reflect the increasingly centralized control of Xi Jinping, newly confirmed for a third term as China’s president.
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China’s Economy Will Expand About 5 percent, A Cautious Target
The New York Times – Business:Last year China’s economy grew 3 percent, one of its worst performances. Now leaders are expecting a revival, but it will rely partly on public spending.
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What to Expect at China’s National People’s Congress as Xi Tightens Grip
The New York Times – Business:When its top legislature meets, Beijing will lay out a vision for reviving economic growth and strengthening the Communist Party’s grip after a chaotic reopening.