Hefty Subsidies Fuel China’s Car Makers


Hefty Subsidies Fuel China’s Car Makers

The Wall Street Journal Europe
May 27 2014

SHANGHAI—China is ratcheting up subsidies to local auto makers worth more than $700 million a year, even as the industry contends with a glut of car factories and about 170 domestic manufacturers. The subsidies feed Beijing’s desire to create a…read more…

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s