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Why your first electric car might be Chinese

Chris Bryant | Anjani Trivedi Tesla Inc. would have delivered more cars in the most recent quarter but for a shortage of boats. It’s having problems finding vessel capacity out of Shanghai. No wonder: China recently overtook Germany as the world’s second-largest auto exporter. China’s auto exports rose over 50% in the first nine months of this year, shipping out ...

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China preparing plan to end Covid-19 flight suspensions

China is working on plans to scrap a system that penalises airlines for bringing virus cases into the country, according to people familiar with the matter, a sign authorities are looking for ways to ease the impact of the Covid Zero policy. The State Council, which oversees China’s bureaucracy, has asked government agencies including the civil aviation regulator to prepare ...

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Nestlé shuns price hikes as Indonesians tighten purse strings

Nestlé, one of the top consumer goods suppliers in Indonesia, will avoid raising prices further after a 5% hike this year began to hurt demand. Faltering sales volume amid higher product prices is happening throughout the consumer goods industry, said PT Nestlé Indonesia President Director Ganesan Ampalavanar. He expects commodity costs to fall in the second half of 2023, which ...

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