Domestic companies are now selling more vehicles than their multinational rivals, which have failed to keep up with Chinese consumers’ demand for electric cars and S.U.V.s.
Category: Foreign Investments
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The Undoing of Guo Wengui, Billionaire Partner to Trump Allies
The New York Times – Business:He cultivated powerful allies and built an empire in China. Then, fleeing charges, he turned his charms on America. Now the law has caught up with him.
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After Doling Out Huge Loans, China Is Now Bailing Out Countries
The New York Times – Business:Beijing is emerging as a new heavyweight in providing emergency funds to debt-ridden countries, catching up to the I.M.F. as a lender of last resort.
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U.S. Due Diligence Firm Says China Detained Its Employees
The New York Times – Business:Five Chinese nationals were taken away last Monday, and the company, which does corporate investigations, and its law firm have been unable to contact them.
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A Hungarian Town Seethes Over a Giant Chinese Battery Plant
The New York Times – Business: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.
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CVC Capital Partners Will Invest $150 Million in WTA
The New York Times – Sports:CVC Capital Partners, the former owner of Formula 1, will take a 20 percent stake in a commercial subsidiary as the tour seeks to expand its marketing of events and players and increase prize money.
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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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Tech Leaders in Israel Wonder if It’s Time to Leave
The New York Times – Business:Ahead of a judicial overhaul that could transform the country and frighten away investors, the executives of Start-Up Nation are mulling an exodus.