China’s EV battery sector enters down cycle

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Major electric-vehicle (EV) battery markers in China have been cutting their headcount because they’re not receiving enough orders to fully utilize their fast-growing production capacity. The down cycle in the EV battery sector began partly because the Chinese government from the beginning of this year stopped subsidizing EV buyers, analysts say. Also, rising raw materials […]Continue Reading

Rich-poor gap worsening in India 

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Despite early success, India has fallen behind its neighbor China in poverty reduction. Sweeping reforms are necessary if India is to gain ground in implementing a workable anti-poverty program comparable to China's efforts.Photo: Wikimedia Commons/Varun Chatterji

The deliberation and discourse on India’s inequality have been mostly concentrated on two key points: First, all highlights are on the top-1% “billionaire class” and its exponential growth over the period; second, on those surviving below poverty line. However, the most important question resides in the space occupied in between: What are the inequality dynamics, and how severe is […]Continue Reading