Asia - Page 3

Elon Musk’s Tesla Faces Trouble as China EV Market Cools Off

China, the world’s largest electric vehicle (EV) market, is expected to see a slower growth rate in electric cars sales this year, spelling trouble for major players like Tesla and local competitor BYD. More than half of Tesla’s sales come from the communist country, adding more problems to the company which is the worst performing stock in the S&P 500 this year.

Elon Musk and his boss Xi Jinping

China Faces Rising Global Backlash Against Flood of Cheap Exports

China’s effort to jump-start its economy by exporting a vast quantity of cheap manufactured products is running into unexpected resistance from the United States, European Union, and even developing nations such as Brazil and Mexico. All of these nations are concerned with market disruptions caused by a tidal wave of Chinese imports, as happened during the “China Shock” two decades ago.

In this photo taken on September 11, 2023, BYD electric cars waiting to be loaded on a shi