Conversation
05.07.18

Can China Afford to Play Hardball with the U.S.?

Zha Daojiong & William Foster

In the midst of roiling trade tensions between the United States and China, last week Treasury Secretary Steve Mnuchin led a delegation of Donald Trump’s top economic advisors to Beijing. Demands were made in both directions and talks were...

China Plans to Kill Local Subsidies for Electric Cars

The Ministry of Finance is working on a plan that would mandate authorities to phase out the incentives to discourage protectionism and help rein in state expenditure, people familiar with the matter said, asking not to be identified discussing...

China Will Lead an Electric Car Future, Ford's Chairman Says

Speaking in Shanghai, William C. Ford Jr., Ford Motor’s longtime executive chairman, outlined why in an unusually blunt comment. “When I think of where E.V.s are going,” he said, using an abbreviation for electric vehicles, “it’s clearly the case...

BYD Predicts Ambitious China Shift to Electric Cars by 2030

All vehicles in the country will be “electrified” by 2030, which could range from full electric cars to mild hybrids, Chinese automaker BYD Chairman Wang Chuanfu said on Thursday. BYD, backed by Warren Buffett, has already invested heavily in the...

China Considers Lifting Foreign EV Cap in Free Trade Zones

China is discussing a plan to allow foreign carmakers to set up wholly owned electric-vehicle businesses in its free-trade zones in a major revision of a fundamental principle governing the country’s auto industry policy since the 1990s,...

China Fossil Fuel Deadline Shifts Focus to Electric Car Race

China will set a deadline for automakers to end sales of fossil-fuel-powered vehicles, becoming the biggest market to do so in a move that will accelerate the push into the electric car market led by companies including BYD Co. and BAIC Motor...