The number of new marriages recorded in China fell to a record low last year, despite sweeping government efforts to encourage young people to tie the knot and have babies to halt demographic decline in the world’s second-largest economy.

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Marriages in China plunged by a fifth to the lowest level on record last year,

Numbers of marriages in China dropped dramatically in 2024. The continuing decline in marriages likely signals further declines in birth rates, intensifying China's demographic headwinds.

Leapmotor, the Chinese partner of Stellantis, on Tuesday launched a new electric vehicle with smart driving technology priced under 150,000 yuan ($20,535), a day after BYD slashed the entry price for such smart EVs.

And what is more, they are packaging it in electric cars that are already dramatically cheaper than anything from Tesla. Take the BYD Seagull, a car priced at just $9,500. The Chinese automaker, which has overtaken Tesla in sales there,

BYD plans to offer an autopilot system in nearly all its cars, making autonomous driving affordable to all mainland Chinese customers as the world's largest electric-vehicle (EV) maker seeks a competitive edge in an escalating price war.