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Articles by Fengming Lu
China’s EV success was built on more than government intervention
China’s rise as the world’s leading electric vehicle producer offers an interesting case study in industrial policy. Its experience shows how competition between government agencies, local governments and private capital can drive experimentation and innovation, while also creating challenges for governments seeking to support emerging industries.
China’s EV success was built on more than government intervention
China’s rise as the world’s leading electric vehicle producer offers an interesting case study in industrial policy. Its experience shows how competition between government agencies, local governments and private capital can drive experimentation and innovation, while also creating challenges for governments seeking to support emerging industries.
What China’s EV rise tells us about industrial policy
China’s emergence as the world’s leading producer of electric vehicles (EVs) is often attributed to a powerful, interventionist state. But this explanation treats the Chinese government as a single actor and understates the importance of competition, private finance and institutional experimentation. China’s EV success is better understood as the outcome of interactions among three forces — competing central government agencies, development-oriented local governments and capital markets.
China’s Quiet Bet on Methanol Is Paying Off
China is an electric vehicle giant, with companies such as BYD and Geely dominating global markets. But a lesser-known technology is also part of that clean transport story: methanol-powered flexible-fuel vehicles. That story begins with an almost forgotten collaboration, one powered by the U.S. motor giant Ford, that began in 1995. The partnership never produced a commercial breakthrough. Ford eventually abandoned methanol, while China moved on to other technologies.
Interpreting China’s policy directions beyond the CCP’s rhetoric
Author: Fengming Lu, ANU The Chinese Communist Party (CCP)’s congresses often represent important historical milestones, yet they are highly performative. The Party’s General Secretary and Chinese President Xi Jinping’s political report on 16 October 2022 comes nowhere near to clearly identifying policy direction like a party manifesto would in a liberal democracy. But other hints shed light on where China’s policies are headed after the 20th CCP Congress.
Another Zero-COVID-19 Pressure Test or a Turning Point? Implications of the Lockdown in Shanghai - Australian Institute of International Affairs
Shanghai has entered a strict lockdown. As China’s economy takes a hit, will Xi Jinping concede his COVID-19 strategy needs adjustment? The lockdown in Shanghai came as a surprise to many of Shanghai’s 25 million residents, as well as to outside observers. The Shanghai government had previously tried to walk a fine line between China’s rigid zero-COVID-19 strategy and maintaining Shanghai’s operation as China’s international hub.
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