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China’s auto dominance took 30 years to build — Zonda Tec CEO

  China’s rise to become a global force in automobile manufacturing was the result of three decades of deliberate government policy, investment and technology transfer—not an overnight success, Chief Executive Officer of Zonda Tec Ghana, Yang Yang, has said. Speaking on the Citi Breakfast Show on Friday, July 31, Madam Yang said China’s automotive industry began its transformation about 30 years ago when the government introduced policies to attract leading global manufacturers while building local technical capacity. “China took the auto industry seriously 30 years ago,” she said. According to her, the Chinese government encouraged major international car manufacturers, including Toyota and Volkswagen, to establish operations in the country by offering incentives such as free land, tax holidays and access to the domestic market. The condition was they send their engineers to China to train our engineers, and we give them 15 years tax-free,” she explained. Madam Yang said China’s ...