Policy

Figure: Punishments held near 600,000 for four years, then jumped 46 percent in 2024, the same year Beijing reopened channels to Hong Kong. Related articles:

Figure 1: Mainland buyers came back to a third of new sales once the border reopened.

Figure: China imported more cars than it exported until 2017.

Figure: Chinese carmakers received subsidies worth 2.7 percent of revenue in 2024, nearly three times the North American rate and about seven times Europe’s. Related articles:

Related article: Geopolitical Shocks and Inflation: The Magnitude of the Crisis Determines the Price Path

Related articles: U.S.

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Figure 4. BYD's German prices ran 93% to 112% above its Chinese ones, nearly double Volkswagen's premium.

Figure 2: After 2021, high-fiber prices rebound to about 15.6 cents while low-fiber prices keep falling. Related article:

Related article: Minimum Wage Effects: The Hidden Costs Inside Firms

Related article: Minimum Wage Effects: The Hidden Costs Inside Firms

Related article: China and Fossilflation: How Renewables and Coal Kept Rates Still

Figure 2: Low-carbon generation now nearly matches yearly growth in power demand. Related article: China and

Related Articles: “Divided by Tariffs, United in the Arctic”: China-Russia Alignment Draws North America Together as U.S. and Canada Drill to Accelerate Bering Sea Interceptions | News — The Economy

Figure 1: China’s real exchange rate remains well below its long-run trend. Related article:

Figure 2: Local productivity losses track attack intensity more than distance. Related article:

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Figure 1: On a 32-step simulated attack, Kimi K3 completed barely six of every ten steps the leading US models did. Related article: