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Angela Chao, the chief executive of a shipping company and part of a family prominent in American politics and business deals with China, died ina car crash on Sunday, inTexas. She was 50.
China’s BYD was a battery manufacturer trying its hand at building cars when it showed off its newest model in 2007. American executives at the Guangzhou auto show gaped at the car’s uneven purple paint job and the poor fit of its doors.
Consumer prices fell last month in China by the most since the global financial crisis in 2009, the latest sign that weak spending and a glut of output from factories and farms are forcing businesses to offer discounts.
Ultramodern factories churn out electric cars and solar panels in Hefei, an industrial center in the heart of central China. Broad avenues link office towers and landscaped parks. Subway lines open at a brisk pace.
Car production set records in China last year. Restaurants and hotels were increasingly full. Construction of new factories surged.
China’s second-highest leader said Tuesday that his country’s economy had grown “around 5.2 percent” last year, providing an unusual early glimpse of important economic data a day before its official release.