Xi Jinping hopes manufacturing can offset the property slump

Beijing bets on manufacturing

Tesla shareholders are bracing for the carmaker’s worst earnings performance in seven years, oil markets have remained steady as Middle East tensions rise, and China’s first-quarter GDP shows the effects of President Xi Jinping’s bet on manufacturing.
Mentioned in this podcast:
Tesla shareholders braced for worst results in 7 years
Why oil prices remain steady even as Middle East tensions escalate
Covid vaccine makers to clash in London over mRNA patent dispute
China warns west of ‘survival of the fittest’ as manufacturing boosts economy
Parisians struggle to cash in on Olympic Games rentals
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This story originally appeared on: Financial Times - Author:Myles McCormick