In 1934, China imported the first double-decker buses from the United Kingdom. When they started touring Shanghai, the gathering onlookers blocked the traffic. Eight decades later, the United Kingdom now imports advanced electric buses from China. The introduction of China’s Belt and Road Initiative in 2013 has boosted Chinese automobile manufacturers interest in foreign markets. Finance blogger – and unabashed Chinese patriot – Jia Lei uses Chinese automaker BYD’s success story as a springboard to explain how Chinese car manufacturers position themselves to capitalize on the growing market of new-energy vehicles.
About the Author
Jia Lei is a writer for Caijing Wuji, a WeChat account that offers interesting takes on business and financial news.