Overcapacity

New Business

Opinion | China can’t rely on technology as a panacea for economic recovery

Since 2022, China’s economy has been haunted by a weak recovery. Real gross domestic product (GDP) growth has fallen below…

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New Business

Baidu-backed Chinese EV maker Jiyue to cut operations, payroll to survive brutal race

Jiyue, a premium electric vehicle (EV) maker backed by Chinese search-engine firm Baidu, will downsize its operations while pursuing fresh…

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New Business

For China, ‘pivotal’ 2025 will put economic choices to the test: Asia Society report

Heightened geopolitical tensions and economic decoupling, underpinned by technological and inflationary concerns, will increase “downward pressure” on China’s exports while…

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New Business

Volkswagen’s controversial Xinjiang plant sale signals strategic shift in China

Volkswagen’s (VW) sale of a controversial plant in China will come as a relief to the German carmaker, as it…

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New Business

Chinese EV makers face ‘do-or-die moment’ as competitive screws tighten

Unprofitable Chinese electric vehicle (EV) makers, ravaged by a discount war at home and higher tariffs abroad, are stepping up…

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New Business

Opinion | The West can’t have it both ways on overcapacity

Political hypocrisy is a contradiction between a state’s professed ideals and actual practices – an inconsistency that undermines the coherence…

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New Business

Opinion | China must not repeat its mistakes in tackling overcapacity

Fuelled by massive investments – fixed-asset investment grew by 30.1 per cent in 2009 and 23.8 per cent in 2010…

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