Tesla will set up its first overseas assembly plant at Lingang near Shanghai’s free-trade zone, with an annual capacity to produce 500,000 electric vehicles. Photo: Reuters

China to roll out new consumer spending incentives for cars and home appliances to offset trade war

  • Overall Chinese retail sales growth decelerated in November to its lowest rate in 15 years, despite record e-commerce spending on Singles’ Day
  • Moves follows decision by Central Economic Work Conference last month to expand domestic consumer spending this year to achieve ‘high-quality growth’
Topic |   China economy

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Tesla will set up its first overseas assembly plant at Lingang near Shanghai’s free-trade zone, with an annual capacity to produce 500,000 electric vehicles. Photo: Reuters
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