China new energy vehicle sales to grow over 40%/yr in next 5 yrs -industry body
SHANGHAI, June 18 - China's new energy vehicle sales are expected to grow more than 40% each year in the next five years, a senior official at the China Association of Automobile Manufacturers said on Friday.Fu Bingfeng, executive vice chairman of CAAM, made the remarks at a conference held by the industry body in Shanghai.Fu's presentation showed that CAAM forecasts sales of NEVs, including battery electric, plug-in hybrid and hydrogen fuel cell vehicles, to hit 1.9 million units this year a
Opinion: Financial crises get triggered about every 10 years — Archegos might be right on time
No one, for now, can say for sure that the so-called family office’s billions in investment losses won’t spread.Financial crises are never quite the same. During the late 1980s, nearly a third of the nation’s savings and loan associations failed, ending with a taxpayer bailout — in 2021 terms — of about $265 billion.In 1997-1998, financial crises in Asia and Russia led to the near meltdown of the largest hedge fund in the U.S. —Long-Term Capital Management. Its reach and operating practices were