Billions rushed into the emerging electric vehicle industry, but so far it's not clear how that bet has paid off.
These are some of the handful of survivors from Beijing's efforts over the last decade to accelerate the creation of China's own electric car.
“What was not in the business plans was that China would have its first fully blown automotive downturn in Chinese history," he told CNBC in late November.Wan Gang was an engineer for Audi in Germany before he returned to China in the early 2000s. Within 10 years, he became China's minister of Science and Technology, despite not being a member of the Chinese Communist Party.
The research did indicate that misuse of funds declined with time and that the actual effectiveness in Chinese government policy in spurring research and development, if monitored, increased and non-compliance was wiped out, Boeing said in an interview.
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