Tag: China Economy

‘It Is Desolate’: China’s Glut of Unused Car Factories

On the outskirts of Chongqing, western China’s largest city, sits a huge symbol of the country’s glut of car factories. It’s a complex of gray buildings, nearly a square mile in size. The thousands of employees who used to work there have moved on. Its crimson loading docks are closed. The facility, a former assembly […]

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Slide Over, Auntie: Young Chinese Find Tasty Meals in Senior Canteens

Inside a canteen for seniors in downtown Shanghai, a worker brandishing a sponge inched closer to Maggie Xu, 29, as she was finishing her rice and garlic-and-oil-soaked broccoli. Ms. Xu ignored her. “If you come at 12 o’clock, the aunties will give you less food,” Ms. Xu said, speaking softly. After 1:30 p.m., they give […]

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China’s First Quarter Results Show Growth Propelled by Its Factories

The Chinese economy grew strongly in the first three months of the year, new data shows, as China built more factories and exported huge amounts of goods to counter a severe real estate crisis and sluggish spending at home. To stimulate growth, China, the world’s second-largest economy, turned to a familiar tactic: investing heavily in […]

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