EV bubble sparks more benefits than concerns: CPCA chief
Some say the fast-growing electrical vehicle (EV) industry in China has sparked serious concerns of a bubble, which could cause billions of dollars in losses. However, the secretary-general of the China Passenger Car Association, Cui Dongshu, believes the bubble can be helpful for the development of the auto industry.
"More excellent resources can become allocated through bubbles," Cui told CGTN. "We should make the bubble bigger instead of smaller."