The Caixin-Sinica Business Brief, episode 241: Truce in EV price war, commerce minister courts foreign drugmakers

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This week on the Caixin-Sinica Business Brief: Tesla and Chinese rivals signal a truce in the EV price war, top property developers see June’s new sales take a dive, and China’s commerce minister encourages investment by foreign drugmakers

In addition, Yukun Zhang discusses the reasons behind China’s lackluster credit demand.