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.

  • Sonori@beehaw.org
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    11 months ago

    Becuse that requires the government own them, which requires that they finish working their way though bankruptcy court. Some already have, and the rest should follow sooner or later.

    • onlinepersona@programming.dev
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      11 months ago

      Why would the government have to own them? Plus, it’s China. The government can persuade pretty much any national company to do their bidding. Sometimes they even persuade foreign companies to do their bidding *cough* Google Apple *cough*

      • Sonori@beehaw.org
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        11 months ago

        Because it’s kind of hard to eminent domain the subject of an ongoing legal battle?

        • onlinepersona@programming.dev
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          11 months ago

          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.

          • Sonori@beehaw.org
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            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.