Evergrande Gave Workers a Choice: Loan Us Cash or Lose Your Bonus

The Chinese property giant owes $300 billion and is on the hook for as many as 1.6 million apartments. It may owe tens of thousands of its employees money, too.

#china, #china-evergrande-group, #demonstrations-protests-and-riots, #hefei-china, #real-estate-and-housing-residential, #regulation-and-deregulation-of-industry

In China, an Electric Car Maker Loses Money but Thinks Big

Nio can tap an extensive supply chain that Beijing has built to achieve its dream of dominating the manufacture of electric cars.

#automobiles, #batteries, #china, #electric-and-hybrid-vehicles, #factories-and-manufacturing, #hefei-china, #nio, #politics-and-government, #start-ups, #william-li

China Police Censor Tales of Post-Coronavirus Renewal

Hefei, an industrial city, offers tales of hope for a world battling the outbreak. The police tried to make sure they weren’t heard.

#china, #coronavirus-2019-ncov, #economic-conditions-and-trends, #freedom-of-the-press, #hefei-china, #news-and-news-media, #politics-and-government, #quarantines