China has reversed a policy that would have nixed incentives for investments from foreign automakers, paving the way for further expansion by General Motors, Volkswagen and others. Legislators had removed automotive manufacturing from the list of industries that would receive government support in the future, but foreign investment fell off significantly in April. The country's National Development and Reform Commission responded by not only reinstating foreign automotive investment but by givin
China seems to be hedging its bets on meeting stiffening emissions and fuel economy regulations, and addressing consumer demand for cleaner air. Electric vehicles remain part of the strategy, but their high cost, limited range and lack of infrastructure have kept sales at a slow pace. Hmm, that kind of sounds familiar, doesn't it?