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On the 25th of April 2017, the Chinese Ministry of Industry and IT (MIIT), National Development and Reform Commission (NDRC) and Ministry of Science and Technology (MOST) announced an ambitious initiative to promote the Chinese auto industry, both domestically and overseas. Three areas, in particular, are to be targeted by the plan, including, firstly, the nurturing growth of top Chinese automakers overseas, both in terms of physical capital and brand-building.
The announcement states that this will be achieved by the provision of loans from the Export-Import Bank of China to support any overseas operations (see related measure for one example in Belarus).
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