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 Command Economy Continues: China halts production of 500 car models

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PostSubject: Command Economy Continues: China halts production of 500 car models    Thu Jan 04, 2018 2:54 am

China is suspending the production of more than 500 car models that do not meet its fuel economy standards, several automakers confirmed Tuesday, the latest move by Beijing to reduce emissions in the world's largest auto market and take the lead in battling climate change.



The official Chinese news agency Xinhua said in a report Sunday that the suspension, effective Monday, would affect both domestic carmakers and foreign joint ventures like FAW-Volkswagen and Beijing Benz. No end date was given.

http://www.smh.com.au/business/china/they-are-sending-a-signal-china-halts-production-of-500-car-models-20180103-h0crpy.html
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