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Column: China’s PMI stays sluggish, but commodity imports are still robust

LAUNCESTON, Australia, Aug 31 (Reuters) – China’s manufacturing activity turned in another soft performance in August, contracting for a fifth straight month, and adding to the view that the world’s second-largest economy is struggling to reignite growth. But while the economic data has been weak, China’s imports of most major commodities have been largely unaffected, […]

Can anyone challenge China’s EV battery dominance?

Designed to look like its lithium-ion cells, CATL’s headquarters towers over its surroundings in Ningde, eastern China. The group’s low-cost batteries, which power one in three electric vehicles worldwide, have made the coastal city a must-visit destination for any auto executive thinking about affordable next-generation cars. Its 18,000 research staff, along with an R&D budget […]