(Bloomberg) -- China’s electric-vehicle sector has become increasingly competitive amid a long-running price war. The number of brands selling battery-powered and plug-in hybrid vehicles has been ...
China is gripped by an insidious problem that is eroding its economy: It is trapped in a cycle of competition so fierce that it is destroying profits, driving a brutal rat race among workers and ...
“Involution” (内卷化) has taken the Chinese internet by storm in the last two years, becoming one of the most commonly used terms online in 2020. It implies a growing sense of futility that many young ...