Stay updated with breaking news from Tu Le. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
As China develops cheaper electric vehicles, some in government fear they could be used to take data, photographs and even recordings which would be used by the exporter's rulers.
China has detailed a series of measures aimed at boosting consumer spending, including subsidies for drivers who trade in older cars for newer models and for rural households who purchase home insulation and renovation materials. The announcement comes as attempts to juice the country's economy have taken on greater urgency following stalling recovery and a lack of consumer confidence.
The central government listed measures aimed at prodding people to open up their wallets, but absent was how much it will spend to support the stimulus plan.
The country’s manufacturers are starting to dominate not just sales charts, but also supply chains for crucial materials
For foreign automakers in China, it is time to double down on a turnaround or cut losses after ceding their leadership of the world's biggest auto market to local, upstart brands. ...