Luxury electric car maker Tesla sees China as potentially the company's biggest market for its vehicles, despite a hefty $121,000 sticker price. But that six-figure cost might make the vehicles more attractive to Chinese buyers, according to Tesla's CEO.
President Obama and Chinese President Xi Jinping face a full agenda, from cybertheft to North Korea, when they meet at a desert estate in California today and tomorrow. But the fundamental issue is lack of trust, which needs building over a vast array of issues.
China’s high inflation and stimulus-fueled real estate bubble have been aggravated by sagging global demand for Chinese goods. The impact is being felt all across China – and the world. China must move away from export-driven investment to consumption-driven growth.