AUTOMAKERS IN CHINA SHIFT FOCUS TOWARDS ENERGY EFFICIENCY
February 1st, 2011
BY WANG FANGQING
THE CHINESE government this January gave a clear message to automobile manufacturers with plants in the country - it wants the industry to become more efficient, but also greener. Beijing showed it was prepared to use the power of the market to force manufacturers to compete on price rather than relying on consumer subsidies - scrapping a national auto replacement program and a special subsidy for vehicle sales for consumers. And although it also reversed a sales tax break for purchases of low-emission vehicles (less than 1.6L), restoring it to ...
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