Overcapacity

New Business

China’s EV price war dashes profit hopes of 90% of brands, AlixPartners says

Less than 10 per cent of electric vehicle (EV) brands in China will turn a profit in the next five…

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New Business

China’s Geely to stop building new car plants amid severe global overcapacity: Li Shufu

Geely Auto, the mainland’s second-largest carmaker, will not build new plants amid excess capacity worldwide, a move that is likely…

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Opinion | How Hong Kong can help defend the rules-based order

For several years, Chinese officials have been talking about “changes unseen in a hundred years” without elaborating what they have…

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Exclusive | As unswerving superpowers meet unsustainable tariffs, Yao Yang breaks down the paradox

Yao Yang is a Chinese economist, professor and former dean of the National School of Development at Peking University. He…

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Exclusive | Spain’s Gestamp plans to expand China output as vehicle parts maker goes against the herd

Gestamp, one of the world’s top manufacturers of metal parts for cars, is pursuing acquisition opportunities in China’s automotive sector,…

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Jeffrey Sachs rejects US claims of Chinese overcapacity: ‘absolutely wrong’

A prominent American economist has dismissed claims China is deliberately cultivating industrial overcapacity as “absolutely wrong”, asserting the world needs…

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EU moves to curb steel imports to protect military industrial base from China overcapacity

As Europe scrambles to rearm its militaries, Brussels has trained its crosshairs on a long-standing trade problem that it now…

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Tesla’s February sales slump in China as buyers turn to domestic rivals BYD, Xiaomi, Xpeng

Tesla continued to lose market share on the mainland to its Chinese rivals in February, as sales plunged more than…

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‘Good start’: China bids to reset ties with Japan amid Trump tariff storm

Beijing and Tokyo have made a “good start” to resetting their economic relationship with a string of high-level meetings in…

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New Business

Clean energy: China to allow solar, wind power prices to be set by market forces

The price of electricity produced from renewable energy in mainland China will be set by market forces rather than fixed…

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