Hong Kong’s SMEs are more optimistic than their peers in mainland China, Singapore and Australia when it comes to growing their businesses this year, thanks to government support and an increase in online sales, a survey shows.
Carmakers like Dongfeng, Chery and BYD are eyeing production sites in Europe to assemble the next generation of electric vehicles as a foil against the EU’s protectionist tariffs as a brutal price war at home drives more producers offshore in search of fresh markets.