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The rise in Chinese EV (electric vehicle) makers has caught global attention. A 2023-24 growth plan for the auto sector focuses almost exclusively on EVs, aiming for 30 percent y-o-y growth in NEV sales, compared to just 3 percent for the sector overall. But going electric is only part of the story. The next stage is delivering ICVs (intelligent connected vehicles). Beijing wants progress on both in tandem.
Bolstering the private economy is the latest intractable problem to be put under a 1+N framework. This approach, already applied to carbon neutrality and SOE reform, delivers a guiding document or goal, the ‘1,’ followed by a multitude, or ‘N’, of measures. The new Opinions on promoting the private sector are the next ‘1’; supporting measures have already dropped.
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looking for post-COVID stability
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smart connected cars
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back to modernisation
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can Beijing love the private sector?
monitoring
recent commentary
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new spot power market rules explained
gridelectricitypower sector reformenergy securityenergy transition...read more18 Sep 2023
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growth modelstrategic and emerging industriesSOE reform...read more20 Sep 2023
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anti-corruptionSOE reformgrainsupervision...read more20 Sep 2023
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logisticscross-border e-commercecriminal lawnational securitybiodiversity...read more19 Sep 2023
analysis
policy shifts
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Zheng YanChinese Academy of Social Sciences Ecological Civilisation Department research fellow
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Jiang ZhaoliMEE (Ministry of Ecology and Environment) Climate Change Department deputy director
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