DyO price/demand divergence, page-47

Authorities throw full force into supporting new energy sector
2017-06-19 13:39:47

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BEIJING (Info-RE) 19-Jun-17China is to produce more and better new energy vehicles in the coming years as a slew of policies have been announced to spur the sector's development in the country, according to analysts, China Daily reported.

Last week, the National Development and Reform Commission, China's top planning body, voiced its support for international cooperation in the sector.

"Carmakers are encouraged to make the most of international technologies, capital and human resources to raise the level of China's new energy vehicle sector," said the commission in a document compiled in conjunction with the Ministry of Industry and Information Technology.

To facilitate the cooperation, the authorities even removed the limit on the number of joint ventures international automakers can have in China - two in one segment, as stipulated in the decade-old industry guideline.

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