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Indonesia is betting big on the EV industry

The Indonesian government wants to race ahead in the EV industry by offering even more tax incentives to companies that will set up production plants for batteries and other EV parts in the country. However, onshore demand for EV units remains low compared to the rest of the world.

Next Week in China: 2-6 September 2024

There will be no major economic data releases from mainland China to begin September. However, the Purchasing Managers’ Index (PMI) statistics from Caixin, which focuses on smaller private firms, also warrant attention as a supplement to the official government PMI data.