Latest / China Economy with Fexingo: Beijing's Policies, Trade, and Asia-Pacific Markets
China EV Stocks Are Splitting From the Yuan Again
In this episode, Lucas and Luna examine a striking divergence in China markets as of early June 2026: while the yuan holds steady around 6.77 per dollar and broad China ETFs like FXI drift lower, electric vehicle stocks are rallying hard. NIO is up nearly 14 percent over the past five days, and Baidu has gained over 4 percent. What's driving the split? The hosts trace it to two forces: a strategic pivot by Chinese EV makers toward licensing and local production in Europe, and a separate catalyst for Baidu—its Apollo Go autonomous ride-hailing unit is expanding faster than expected in…
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