Reuters (September 4)
“China’s automotive industry must seem like an unstoppable force to outsiders.” Nevertheless, “scores of their carmakers are heading for a crash.” They remain challenged by “a vicious price war that has lasted more than two years,” with Chinese policymakers expect an “involution” or “frantic, self-destructive struggle.” Government officials are struggling to bring the price war to an end, but their measures have not addressed overcapacity. Sales of passenger vehicles stood at 27.6 million in 2024, while “production capacity hit 55.6 million units, more than 50% higher than a decade ago.”
Tags: Automotive industry, Carmakers, China, Frantic, Government, Involution, Officials, Overcapacity, Passenger vehicles, Policymakers, Price war, Production, Self-destructive, Struggle
The Atlantic (October Issue)
“Donald Trump is testing the institution of the presidency unlike any of his 43 predecessors.” Will he destroy the institution? That remains to be seen. “We have never had a president so ill-informed about the nature of his office, so openly mendacious, so self-destructive, or so brazen in his abusive attacks on the courts, the press, Congress…. Trump is a Frankenstein’s monster of past presidents’ worst attributes.”
Tags: Brazen, Frankenstein, Ill-informed, Institution, Mendacious, Presidency, Self-destructive, Trump
