Page 7 - The South China Business Journal
P. 7
government offers generous incentives to Donald Trump in his criticisms of China’s
NEV companies, and Chinese internet giants trade practices. However, Chinese government
such as Baidu are investing heavily in self-driving spokespeople stated that the liberalization of the
car technology. auto industry was pre-planned, and not done in
response to Trump’s threats.■
China is already the world’s largest NEV market,
selling 777,000 NEVs in 2017, representing 53 About China Briefing
percent year-on-year growth. By 2025, China aims
for NEVs to constitute 20 percent of all vehicle China Briefing is published by Asia Briefing, a subsidiary of
production and sales in the country. Dezan Shira & Associates. We produce material for foreign
investors throughout Asia, including ASEAN, India, Indonesia,
The announcement comes just over a week after Russia, the Silk Road, and Vietnam.
Chinese President Xi Jinping’s opening speech
at the Boao Forum for Asia, where he pledged Dezan Shira & Associates is a full service practice in China,
that China would reduce tariffs on foreign auto providing business intelligence, due diligence, legal, tax, ac-
imports and hinted at scrapping ownership limits counting, IT, HR, payroll, and advisory services throughout the
in the industry. China and Asian region. For assistance with China business is-
sues or investments into China, please contact china@dezshira.
The decision also comes amid ongoing trade com or visit www.dezshira.com
friction between China and the US, as the two
countries continue to head towards a trade war. South China Business Journal 5
Tariffs and investment limits in the auto industry
have been a sticking point for US President
NEV companies, and Chinese internet giants trade practices. However, Chinese government
such as Baidu are investing heavily in self-driving spokespeople stated that the liberalization of the
car technology. auto industry was pre-planned, and not done in
response to Trump’s threats.■
China is already the world’s largest NEV market,
selling 777,000 NEVs in 2017, representing 53 About China Briefing
percent year-on-year growth. By 2025, China aims
for NEVs to constitute 20 percent of all vehicle China Briefing is published by Asia Briefing, a subsidiary of
production and sales in the country. Dezan Shira & Associates. We produce material for foreign
investors throughout Asia, including ASEAN, India, Indonesia,
The announcement comes just over a week after Russia, the Silk Road, and Vietnam.
Chinese President Xi Jinping’s opening speech
at the Boao Forum for Asia, where he pledged Dezan Shira & Associates is a full service practice in China,
that China would reduce tariffs on foreign auto providing business intelligence, due diligence, legal, tax, ac-
imports and hinted at scrapping ownership limits counting, IT, HR, payroll, and advisory services throughout the
in the industry. China and Asian region. For assistance with China business is-
sues or investments into China, please contact china@dezshira.
The decision also comes amid ongoing trade com or visit www.dezshira.com
friction between China and the US, as the two
countries continue to head towards a trade war. South China Business Journal 5
Tariffs and investment limits in the auto industry
have been a sticking point for US President
