Chinese consumers have grown more price-sensitive, cutting non-essential spending. To stay competitive, carmakers have rolled out steep discounts and slashed prices. In the so-called instant commerce ...
HONG KONG, August 13 (Reuters) - Overcapacity has made its way into China’s domestic market, with price wars leading to collapsing profitability and accelerating deflation. The government has ...
BEIJING (AP) — The Chinese government is signaling enough is enough when it comes to the fierce competition in the country’s electric car market. China’s industrial policy has engineered a remarkable ...
As President Trump brings manufacturing back to the US — and closes in on trade deals with India, Japan, and South Korea — China’s days as “the world’s factory floor” are numbered. And Beijing is ...
HONG KONG/SHANGHAI (Reuters) -A sharp sell-off in China stocks faded in choppy trading on Monday, allowing the market to trim early losses, as investors reassessed the impact of a renewed trade war ...
Fierce price wars in China are hitting industries from cars to food deliveries to solar panels, squeezing profits and worsening the country's deflationary slide. Though consumers may be lured by ultra ...