Steve Rodgers
CHINA: "An Overview of New PRC GAAP: Differences between old and new PRC GAAP and its convergence with IFRS" report. 52-page report by KPMG China.
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backCHINAtalk March, 2012
The Circuitous Path to Electrification of China’s Automotive Industry
As the balance of world market and economic power shifts from West to East, China will emerge as the key location in the battle for dominance of the 21st century’s global auto industry.
Due to increasing pressure from air pollution, oil consumption and urban congestion, the focus of the country’s auto industry will increasingly switch from internal combustion driven vehicles to alternative propulsion technologies, particularly those powered by electricity. Already many observers believe that the government’s ambitious series of programs and policies designed to accelerate the development of new energy vehicles run over the last decade will lead to the emergence of China as the key location for a global “green” mobility revolution. As this happens, the eventual electrification of the automotive powertrain will transform the automotive industry, and even society itself.
To download 16-page report, please click here.
Source: Booz & Co. - GAI
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