Its government is developing a plan to phase out vehicles powered by fossil fuels
|FRANKFURT|2 min read
“A DEFINING moment for the auto industry.” That is how usually restrained analysts at Sanford C. Bernstein, a research firm, described the news that China’s government wants to move towards a ban on gas guzzlers. On September 9th, Xin Guobin, vice minister of industry and information technology, told an automotive conference in Tianjin, a grimy industrial city near Beijing, that the government is developing a long-term plan to phase out vehicles powered by fossil fuels.
This article appeared in the Business section of the print edition under the headline “Zooming ahead”

From the September 16th 2017 edition
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