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Pocketmags Digital Magazines
Pocketmags Digital Magazines

Green Cars Face Challenges

Economy & Nation Weekly April 19, 2017

According to the China Association of Automobile Manufacturers, China produced 517,000 new-energy vehicles last year, and over 98 percent of them have been sold. That’s a growth of 51.7 percent year on year in the number of vehicles produced. Government incentives are believed to be the biggest driver – but the subsidies are so large that some manufacturers have been taking advantage of them by producing cheap “green” cars. Miao Wei, China’s industry and information technology minister, has warned that the Chinese new-energy vehicle industry is both overproducing lowend cars and lacks advanced technology. According to analysts, the industry has come to a turning point that focuses on the development of core technologies, such as batteries and smart technology. Otherwise it will end up with the same problem as the regular domestic car industry; big, but uncreative and backward.

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About China Report

The Belt and Road forum held in Beijing in May heralds China's strategy of globalisation 2.0. How much China has invested in the BRI? How can other countries along the routes join in and benefit from the opportunities? (p.20-25) Technologically China has often been perceived as playing the catch-up game. Not in Artificial Intelligence, which the country's tech giants are spearheading with some success. (p. 34-43) A migrant worker has taken the country by storm in her Dickensian essay about her hard life in modern Beijing. (p.52-55)