Bloomberg Two sweeping goals have dictated the direction of China’s economic policy during President Xi Jinping’s presidency: Doubling per-person GDP and household incomes over the 10 years ending this December and containing an explosion in debt. Tiptoeing between the two conflicting ambitions hasn’t been easy, especially last year as the trade war with the US deepened. Yet policy restraint held ...

Bloomberg China’s car sales are likely to slump the most on record in the first two months of 2020 as the coronavirus keeps buyers away from showrooms, intensifying headwinds for automakers in the world’s biggest market. Sales are set to fall by 25% to 30% in the January-February period, according to a preliminary forecast by Cui Dongshu, secretary general of ...

Bloomberg Hyundai Motor Co is halting production in South Korea this week because of a component shortage caused by the coronavirus, the first global automaker to suspend output outside China because of the outbreak. The carmaker has been hit by a shortage of a wiring component made at a South Korean supplier’s plant in China, which has been halted after ...