Category Archives: business

City in a poor China province becomes a leading electric vehicle production hub

The city of Liuzhou is in one of China’s poorest provinces. But as part of Beijing’s “Made In China 2025” industrial strategy, it is now home to EV car plants for five major automakers, after putting investment and incentives into electric vehicles and by pushing local industry to expand production and infrastructure. CNBC’s Eunice Yoon reports from Liuzhou on the city’s meteoric rise.

State of the economy aboard a working schooner

The schooner Stephen Taber is fully booked this summer for its cruises along the coast of Maine. But its captain says he’s had to raise prices to keep up with inflation, and members of his crew find themselves living aboard the ship because of high housing costs. NBC News’ Christine Romans reports.