Tag: Prices (Fares, Fees and Rates)

China’s Big Bet on Wind Power Is Paying Off

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As the war in Iran threatens to choke off oil and gas supplies from the Persian Gulf, China is seizing the moment to extend its dominance in wind power. Across China, hilltops are dotted with wind turbines, and long rows of them span many miles in western deserts. Ultrahigh-voltage power lines carry electricity thousands of miles to the energy-hungry factories along China’s coast. Last year, China installed three times as much wind power capacity as the rest of the world combined, even as its turbine exports jumped. The global industry’s…

Ford Says an Affordable Electric Pickup Truck is Still Coming Next Year

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Last year Ford Motor suspended production of an electric pickup truck, shut down a battery factory in Kentucky and booked a $20 billion loss to account for its diminished plans. Then, last month, the senior executive who oversaw development of this new technology left the company. But Ford executives insist that those setbacks do not mean that the company has given up on electric vehicles. As evidence, they point to a former warehouse here in Long Beach, Calif. There, a team lead by Alan Clarke, a Tesla veteran, is building…

Why Diesel Has Become a Much Bigger Economic Problem Than Gasoline

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The price of diesel has risen much more quickly than gasoline as the U.S.-Israeli war with Iran has choked global oil supplies. That could have severe consequences for the diesel-dependent transportation industry. Since the war began on Feb. 28, the average price of a gallon of diesel has gone up about 45 percent, while a gallon of regular gasoline has risen about 35 percent. The Energy Information Administration, a federal research agency, expects average diesel prices to peak at more than $5.80 a gallon this month. Gasoline, the agency said,…

Plastic Spoons, Umbrellas, Violins: A Guide to What Americans Buy From China

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ITEM Pct. from China Importsfrom China in millions 1 Baby carriages 97% $380 2 Artificial plants 96% $991 3 Umbrellas 96% $491 4 Filing cabinets 96% $88 5 Vacuum flasks 96% $1,634 6 Fireworks 95% $465 7 Children’s picture books 93% $505 8 Portable lighting 91% $901 9 Combs 91% $367 10 Travel kits 90% $42 ITEM Pct. from China Importsfrom China in millions 1 Telephones 42% $50,085 2 Computers 26% $35,473 3 Electric batteries 58% $17,022 4 Other toys 76% $13,463 5 Motor vehicles; parts and accessories 11% $9,059…

Republican Bill to End E.V. Tax Credit Could Hurt G.M. and Ford

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Sales of electric vehicles have been rising in recent years, partly because of a $7,500 tax credit from the federal government that helps lower the cost of buying one. But a budget bill that House Republicans released on Monday would end that tax credit. Their proposal would also put new restrictions on other tax breaks that have encouraged automakers to invest tens of billions of dollars in new battery plants in the United States. By next year, the bill would do away with the $7,500 tax credit for buyers of…

Germany’s Solar Panel Industry, Once a Leader, Is Getting Squeezed

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Before China came to dominate the solar panel industry, Germany led the way. It was the world’s largest producer of solar panels, with several start-ups clustered in the former East Germany, until about a decade ago when China ramped up production and undercut just about everyone on price. Now as Germany and the rest of Europe try to reach ambitious goals to cut greenhouse gas emissions, the demand for solar panels has only increased. Some of the last remaining manufacturers in Germany’s solar industry are not ready to give up.…

China’s Plan to Spur Growth: A New Slogan With Familiar Ideas

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From the top of the government, China is heavily promoting a plan to fix the country’s stagnant economy and offset the harm from a decades-long housing bubble. The program has a fresh slogan, presented foremost by Xi Jinping, the country’s top leader, as “new, quality productive forces.” But it has features that are familiar from China’s economic playbook: The idea is to spur innovation and growth through massive investments in manufacturing, particularly in high-tech and clean energy, as well as robust spending on research and development. And there have been…

How China Came to Dominate the World in Solar Energy

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China unleashed the full might of its solar energy industry last year. It installed more solar panels than the United States has in its history. It cut the wholesale price of panels it sells by nearly half. And its exports of fully assembled solar panels climbed 38 percent while its exports of key components almost doubled. Get ready for an even bigger display of China’s solar energy dominance. While the United States and Europe are trying to revive renewable energy production and help companies fend off bankruptcy, China is racing…

China Sets Economic Growth Target of About 5%

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China’s top leaders on Tuesday set an ambitious target for growth as its economy is laboring under a steep slide in the housing market, consumer malaise and investor wariness. Premier Li Qiang, the country’s No. 2 official after Xi Jinping, said in his report to the annual session of the legislature that the government would seek economic growth of around 5 percent. That is the same target that China’s leadership set for last year, when official statistics ended up showing that the country’s gross domestic product grew 5.2 percent. Some…

Low Prices Lure Hong Kongers to China

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Shuen Chun-wa, 81, and her husband hurried toward a green bus with two dozen other Hong Kong residents, dragging empty suitcases. They had purple tour stickers on their jackets and were headed to shop in Shenzhen, a bustling Chinese city that sits on the northern side of the border with Hong Kong. It was Ms. Shuen’s second trip to Shenzhen to find bargains in a year. Last time, she got dental implants. “You can count how much I need to pay,” she said. She paid $9,000 in Shenzhen for a…