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fake market propped up by government subsidy. should crash 30-50%, much like the real estate prices these days in China. A subsidy-fueled boom helped build Ch
by autocanopener 3y ago
fake market propped up by government subsidy. should crash 30-50%, much like the real estate prices these days in China.
A subsidy-fueled boom helped build China into an electric-car giant but left weed-infested lots across the nation brimming with unwanted battery-powered vehicles.
https://www.bloomberg.com/features/2023-china-ev-graveyards/ https://www.bloomberg.com/features/2023-china-ev-graveyards/