Overcapacity

New Business

China hit record trade barriers in 2024 as overcapacity fears spread to developing world

Even as its massive export machine kept churning out goods in 2024, China slammed into a record number of trade…

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New Business

Beijing renews EV subsidy to spur sales, keeps size of incentive unchanged from 2024

China renewed a trade-in subsidy that spurred electric vehicle (EV) sales last year, keeping the size of the incentive unchanged…

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New Business

Chinese EV makers cannot stop ‘aggressive’ price-cutting – even as it imperils them

Chinese carmakers cut prices on pure electric vehicles (EVs) by an average of 10 per cent last month to spur…

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New Business

Prices slashed again in China’s EV sector, threatening unprofitable carmakers

China’s electric vehicle (EV) makers reduced prices a month ahead of expectations, as cutthroat competition and overcapacity threaten unprofitable carmakers…

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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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