This move to China makes sense for a niche automaker struggling mightily in the US. But headwinds in China are even stronger than in the US.
“Challenging environment with weakened consumer demand”: This nosedive in a vast industry, affecting consumers and manufacturing, is happening even as GDP officially booms at 6%?
Latest data is out. Folks who hoped the Renminbi would break the dollar hegemony have to be very patient.
The Chinese conglomerate had gone on a debt-fueled global acquisition binge, including in the US, and owned 18 airlines before it all came unglued.
Despite my assurances that “Nothing Goes to Heck in a Straight Line,” a Chinese stock just did.
Its China team “saw increasing patterns of fraud, counterfeits and unsafe products.” But US consumers have no clue where the sellers are and where the products came from.
US barely Cleanest Dirty Shirt among the manufacturing giants.
How China’s crackdown on debt and capital flight pulls the rug out from under mega-real-estate projects.
US-China trade war, falling business confidence, slowdown in China, German exports, and new: the temporary shutdown of Hong Kong’s airport, the largest cargo hub in the world.
Just how important is China to GM, its Largest Market & Once Biggest Hope for Growth?