Latest news with #AlexNabaum
Economist
01-07-2025
- Business
- Economist
Xi Jinping wages war on price wars
Finance & economics | Involutionary road Illustration: Alex Nabaum Jun 30th 2025 | Hong Kong | 6 min read W hen firms raise prices, 'gouging' their customers, many governments complain. Some cannot resist intervening. But in today's China, the opposite is happening. In May the state reprimanded carmakers not for raising prices, but for cutting them. 'There are no winners in this price war,' it said, blithely ignoring the happy customers who can now buy a zippy electric car for less than $8,000. Xi Jinping China Finance & economics Across the rich world, governments are splashing the cash. What could go wrong? Pity Tommy Norris. And his real-world equivalents It involves the use of an obscure, French programming language Not that American investors need a guide—a booming industry is doing the job for them Polymarket and Kalshi are soaring in popularity. With a few tweaks, they could really take off Across the West the number of new arrivals is plummeting
Economist
30-06-2025
- Business
- Economist
Xi Jinping's futile war on price wars
Finance & economics | Involutionary road Illustration: Alex Nabaum Jun 30th 2025 | Hong Kong | 6 min read W hen firms raise prices, 'gouging' their customers, many governments complain. Some cannot resist intervening. But in today's China, the opposite is happening. In May the state reprimanded carmakers not for raising prices, but for cutting them. 'There are no winners in this price war,' it said, blithely ignoring the happy customers who can now buy a zippy electric car for less than $8,000. Xi Jinping China Finance & economics Across the rich world, governments are splashing the cash. What could go wrong? Pity Tommy Norris. And his real-world equivalents It involves the use of an obscure, French programming language Not that American investors need a guide—a booming industry is doing the job for them Polymarket and Kalshi are soaring in popularity. With a few tweaks, they could really take off Across the West the number of new arrivals is plummeting
