overcapacity – Charm

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

Cs news8 hours ago02 mins

Since 2022, China’s economy has been haunted by a weak recovery. Real gross domestic product (GDP) growth has fallen below 5 per cent for two consecutive quarters this year, posing challenges for Beijing to achieve its annual growth target of around 5 per cent. The International Monetary Fund estimates that the proportion of China’s nominal…

Recap | EV giants at crossroads, BYD to overtake Volkswagen, 10 million units a year: 6 China EV reads

Cs news4 weeks ago02 mins

1. Chinese EV makers Nio, Xpeng, Geely’s Zeekr and Leapmotor face do-or-die moment amid overcapacity and tariff woes China’s electric-vehicle manufacturers face a critical juncture as overcapacity and high tariffs force unprofitable companies to cut costs and launch new models to survive in a fiercely competitive market. Only self-sustaining firms will endure, analysts predict, as…