Thursday, September 4, 2025

China's auto overcapacity problem comes from not following Schumpeter's "Creative Destruction" thesis with great on creative but no destruction allowed

 

Why China Is Trying to Tame Its Electric Car Frenzy


Beijing has run out of patience with companies slashing prices, and is urging restraint. But fierce competition is also producing a surge of innovation.

Keith Bradsher, who has covered China’s car industry since 2002, reported from Shenzhen, China, and Shanghai.

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