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China’s property troubles are getting worse and need Beijing’s support

Apartment blocks under construction in the Nanchuan area of Xining, Qinghai province, China.Qilai Shen | Bloomberg | Getty ImagesBEIJING — China's property market, which makes up a substantial chunk of the country's economy, needs more government support to prevent it from deteriorating further,...

China’s unfinished property projects are 20 times the size of Country Garden

HANGZHOU, CHINA - NOVEMBER 15, 2023 - An aerial photo shows a new property under construction in Hangzhou City, Zhejiang Province, China, Nov 15, 2023. On the same day, data released by the National Bureau of Statistics showed that from January to October...

Startup Li Auto is beating Tesla China’s EV sales

Chinese startup Li Auto sold more cars in October than Tesla's China business did in October, according to the China Passenger Car Association.Nurphoto | Getty ImagesBEIJING — Chinese startup Li Auto sold more cars than Tesla's China business did in October, according to...

China’s truck industry is buying more driver-assist technology

People attend a launch ceremony of Inceptio's autonomous driving system on March 10, 2021 in Shanghai, China.Huanqiu.com | Visual China Group | Getty ImagesBEIJING — China's truck industry is finding more reasons to buy vehicles with assisted-driving technology.It's a critical step toward monetization...

China’s Singles Day shopping festival set for tepid 2023: Bain survey

Workers at an e-commerce logistics industrial park sort parcels on an express delivery line in Lianyungang, East China's Jiangsu Province, Nov 5, 2023.Nurphoto | Nurphoto | Getty ImagesBEIJING — Most consumers in China are planning to keep a lid on spending during this...