The world’s largest maker of batteries for electric vehicles says it will get into battery swapping in China in a big way starting next year.

China’s 11 million university graduates are struggling in a bleak job market as repeated shutdowns under China’s “zero-COVID policy” force companies to retrench and drive many restaurants and other small employers out of business.

People in northeastern China are eating breakfast by flashlight and shopkeepers are turning on generators as much of the country enforces power cuts to meet official conservation targets.