The Chinese auto industry isn't going to restructure anytime soon – even as the government this week began to signal interest in seeing consolidation.

In China’s light-vehicle market, micro electric vehicles have not only become the main force driving EV sales, but also generate a precious resource coveted by automakers: government carbon credits.

After being blacklisted by the Trump administration in 2019 for alleged threats to U.S. national security, Huawei Technologies is looking beyond its traditional telecommunications and smartphone operations in China. 

The latest virus outbreak threatens to undermine China’s economic growth. Goldman Sachs revised down its predicted growth for the Chinese economy in the third quarter to 2.3 percent from 5.8 percent.