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
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
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’
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 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.