More recent developments
Beijing mulls tariff hike on imported large-engine ICEs
Beijing may soon increase tariffs on imported European large-engine internal combustion engine (ICE) vehicles – in response to the bloc's proposed tariffs on Chinese electric vehicles (EVs). According to state media-linked blog Yuyuan Tantian, posted Thursday, policymakers are "advancing the… Read More »
Flying car hype
China’s flying car hype is attracting foreign companies. On Monday, Lilium – a promising German flying car startup – announced plans to set up its Asia-Pacific headquarters in Shenzhen. Why Shenzhen? First, the city is the epicenter of China’s flying… Read More »
MIIT’s herd of unicorns
Not all unicorns are the same. On Thursday, minister for industry Jin Zhuanglong chaired a symposium with some of China's unicorn enterprises. ICYDK, unicorns are unlisted companies with a valuation of at least USD 1 billion. Some context: The industry… Read More »