What Tesla’s bet on iron-based batteries means for manufacturers

Reuters

Analysis – No gain without pain: Why China’s reform push must hurt investors

Carnage in China’s financial markets signals the beginning of a new era, investors say, as the government puts socialism before shareholders and regulatory changes rip apart the old playbook. Stocks and sentiment have taken a drubbing as Communist Party rulers seek to remake the property, technology and education sectors to curb cost pressures and better serve ordinary people. The new model appears to place common prosperity, as President Xi Jinping has put it, ahead of helter-skelter growth, investors say.