Over a year after China opened its borders following the pandemic, international trips are still lagging, although domestic travel is more popular.
Category: Shenzhen (China)
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China’s BYD Sold 3 Million Electric Vehicles and Hybrids in 2023
Sales by BYD, the country’s dominant automaker, topped 3 million last year, including 1.6 million fully battery-powered cars in a sign of China’s rapid growth in EVs.
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China Wants to Bulldoze ‘Urban Villages’ to Revive the Economy
The halting revitalization of one “urban village” in Shenzhen shows the challenges of fixing a national property crisis after years of overborrowing.
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Capvision, a Consulting Firm, is Raided by Chinese Authorities
The investigation of Capvision Partners comes amid increasing scrutiny by Beijing over national security that has sent a chill through the foreign business community.
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Price War Over Electric Cars Erupts in China
The intense competition among the country’s huge number of start-up carmakers has unsettled what had been a pillar of the economy in the last few years.
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China’s Cities Are Buried in Debt, but They Keep Shoveling It On
The New York Times – Business:China has long pursued growth by public spending, even after the payoff has faded. Cities stuck with the bill are still spending — and cutting essential services.
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China Protests Over ‘Zero Covid’ Follow Months of Economic Pain
The New York Times – Business:President Xi Jinping’s unbending approach to the pandemic has hurt businesses and strangled growth, squeezing the world’s second-largest economy.
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Outbreaks Test China’s Efforts to Limit the Cost of ‘Zero Covid’
The New York Times – Business:China wants to fine-tune its stringent pandemic restrictions to reduce the disruption to daily life caused by lockdowns. But officials are still taking few chances.
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China’s Business Elite Sees the Country That Let Them Thrive Slipping Away
The New York Times – Business:The business class, which shunned politics, is now questioning if there is still a place for them in a system dominated by one ruler, Xi Jinping.