Economic Times (July 4)
“The Chinese government is signalling enough is enough when it comes to the fierce competition in the country’s electric car market.” The nation’s “industrial policy has engineered a remarkable transformation to electric vehicles in… the world’s largest auto market,” but it has also “spawned far more makers than can possibly survive.” The government is moving to address “long-simmering concerns about oversupply and debilitating price wars.” The government is now “cracking down… targeting unsustainable price wars led by market giant BYD.” Marking a first step “toward stabilising the market,” the government has introduced “a new pledge to pay suppliers within 60 days.”
Tags: BYD, China, Cracking down, Debilitating, EV market, Fierce competition, Government, Industrial policy, Oversupply, Price wars, Stabilising, Suppliers, Unsustainable
Financial Times (March 27)
Abenomics “has been judged a qualified success but there are concerns the effort will peter out.” The upcoming consumption tax increase ranks high among these and an even more fundamental concern, that higher inflation would make the government’s debt burden unsustainable, remains untested. If the latter holds true, however, “it is precisely when Abenomics reaches its stated aim that it will begin to unravel.”
Tags: Abenomics, Concerns, Consumption tax, Government, Inflation, Success, Unsustainable
