Thursday, September 8, 2011

China: Central Planning Goes from All Out to....

“The government must take the leading role in controlling unrealistic growth” of the auto industry, Jiang Kejun, the influential director of the Energy Research Institute at the National Development and Reform Commission, China’s top economic planning agency, said Sunday during a speech at the conference."
To suggest that cars should be about fuel efficiency, and not sheer quantity of production seems reasonable. Though ultimately, looks like they aim to hit the market with cars, cars, cars.  Quandary: when does central planning seek to sensibly address environmental issues and when does it merely promote increased production, however tactically allocated? 


http://www.nytimes.com/2011/09/05/business/global/china-changes-direction-on-car-sales.html?scp=1&sq=china%20cars&st=cse