A tactic used by Chinese automakers and dealers to inflate car sales has grown increasingly common in recent years in response to a bruising price war in the world's largest auto market, a Reuters analysis of consumer complaints has found, Reuters reported. Earlier this month, Reuters reported EV brands Neta and Zeekr had arranged for cars to be insured before buyers purchased them, a scheme that effectively inflates sales numbers and gives the appearance the companies were hitting periodic targets.
Read more
A Hong Kong conglomerate that had agreed to sell its two ports at the Panama Canal said Monday it may seek a Chinese investor to join a consortium of buyers, a move that could please Beijing but bring more U.S. scrutiny to the geopolitically fraught deal, the Associated Press reported. CK Hutchison Holdings’ initial plan to sell port assets in dozens of countries to a group that includes U.S. investment firm BlackRock Inc. pleased U.S. President Donald Trump, who has alleged that China interferes with the critical shipping lane’s operations in Panama.
Read more
China released a draft amendment to its pricing law on Thursday as part of efforts to curb excessive competition and price wars among firms, amid persistent deflationary pressures, Reuters reported. Chinese leaders have signaled they will rein in price wars among producers as expectations grow for a new round of factory capacity cuts in a long-awaited but challenging campaign against deflation - a move that could pose risks to economic growth.
Read more
Major automakers should push for "rational competition" in the electric vehicle industry, a senior Chinese official said on Thursday, according to a statement from the industry ministry published on Friday, Reuters reported. The comments from Che Jun, head of a Communist Party central leading group, came a day after China's cabinet pledged to regulate what it called "irrational" competition in the EV market and vowed to strengthen price-monitoring. Che Jun spoke at a meeting attended by officials from the industry ministry and representatives from automakers BYD and BAIC Group.
Read more
The U.S. Commerce Department imposed preliminary anti-dumping duties of 93.5% on Chinese imports of graphite, a key battery component, after concluding the materials had been unfairly subsidized, Bloomberg News reported. A trade association representing US graphite producers in December filed petitions with two federal agencies, asking for investigations into whether Chinese companies were violating anti-dumping laws. The new duties will add to existing rates making the effective tariff 160%, according to American Active Anode Material Producers, the trade group that filed the complaint.
Read more
China’s government is threatening to block a deal that would transfer ownership of dozens of seaports to Western investors if Cosco, China’s largest shipping company, doesn’t get a stake, the Wall Street Journal reported. The proposed sale includes two ports at the Panama Canal and more than 40 others around the world, all owned by Hong Kong-based CK Hutchison. China is pushing for state-owned Cosco to be an equal partner and shareholder of the ports with BlackRock and Mediterranean Shipping Co., a containership operator.
Read more
China’s economy showed resilience in a turbulent first half of the year, remaining on track to hit its official growth target for the year despite President Trump’s shifting tariff assault, the Wall Street Journal reported. China said that its gross domestic product expanded 5.2% in the second quarter of 2025 compared with a year earlier, slowing a touch from the 5.4% pace set in the first three months of the year and coming in line with economists’ expectations.
Read more
Confronting a trade war with the United States, China’s government has poured $42 billion this year into a consumer trade-in program, double last year’s amount. The aim was to jolt a much-needed surge in spending at a precarious moment for the economy by subsidizing discounts for a wide variety of consumer goods, from washing machines to electric vehicles, the New York Times reported. The program has proved so successful that several municipalities have suspended or curtailed the program in recent weeks to prevent the money from running out prematurely.
Read more
The struggles continue for global automakers in China, Electrek reported. After halting production, Volkswagen announced it will close a plant in China. And that’s not all: Another OEM is filing for bankruptcy through its joint venture. Although it might not seem significant, China is one of, if not the most important markets, for Volkswagen, accounting for around 30% of its deliveries. Volkswagen has already halted production at its manufacturing plant in Nanjing and plans to close it officially later this year. The Nanjing facility was opened by VW’s joint venture, SAIC Volkswagen, in 2008.
Read more