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China’s Abandoned, Obsolete Electric Cars Are Piling Up in Cities (www.bloomberg.com)

submitted 11 months ago by [email protected] to c/[email protected]

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A subsidy-fueled boom helped build China into an electric-car giant but left weed-infested lots across the nation brimming with unwanted battery-powered vehicles.

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[–] onlinepersona 2 points 11 months ago (1 children)

Really? The "communist" government that builds highways around the homes of people who don't want to move, disappears business owners who don't fall in line with the party mandate, and forces private companies to spy in their interest will find it "kind of hard" to nationalize resources of a private company?

I'd like to remind you that China isn't Europe or the US.

[–] [email protected] 1 points 11 months ago

You will note that none of thouse things might involve repossessing things party members might own a stake in the same way that they would a failed company.