News Analysis
General Motors faces the harsh reality of China’s consumer market as it turns from an asset to a liability. The U.S. automobile giant counts losses rather than profits, writing off its China assets.
An inspector examines cars parked outside the warehouse of General Motors Company in Shanghai, on March 4, 2003. Liu Jin/AFP via Getty Images
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”
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