Automobile Price War Weighs on China's Consumption Recovery

Automobile price war weighs on China's consumption recovery

SHANGHAI -- Car sales are weighing on China's consumption growth as domestic electric vehicle makers roll out cheaper models to boost market share. Re

China's core strategy for beating the US economically: consumption growth.

In this briefing:Growth in consumer demand is now viewed as a strategic imperative by China’s top economists.China could face trade threats on multiple fronts, given both US alliance building and trade surpluses with a sizeable number of other economies.A senior central bank official argues that contrary to Keynesian economics, consumption growth in China could create a "positive cycle" for domestic demand by also boosting investment.Multi-decad…