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China’s EV sector burns bright but cannot offset property’s woes
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The ‘high-quality consumption’ Beijing seeks requires difficult structural reforms
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At China’s Belt and Road Forum last week, where Beijing marked the 10th anniversary of its lavish $1tn infrastructure programme, foreign leaders and executives were repeatedly invited to participate in China’s “high-quality development”.One of President Xi Jinping’s favourite slogans, the term is vaguely defined. But few sectors probably encapsulate its underlying ambition better than China’s green technology industries, particularly its electric-vehicle makers. Not only has China become an EV leader with its own brands and advanced technology, it is also rapidly increasing its exports. 

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