Am I Meaningfully Participating Yet?
The Chinese government is preparing to impose minimum fuel economy standards on their burgeoning auto fleet, standards far more stringent than those in the US. To be clear, the new standards aren’t intended to address China’s rapidly rising carbon emissions, but rather to force foreign automakers to introduce the latest hybrid engines and other technology into China, fast, in hopes of easing the nation’s swiftly rising dependence on oil imports. Which, actually, makes excellent sense. And the situation is not without its humorous sidelights. Here’s one: the New York Times article, China Set to Act on Fuel Economy; Tougher Standards Than in US, reports that “two executives at Volkswagen, the largest foreign automaker in China” .. told the Times that “They had no choice but to agree.”
Those damn Market-Leninists!