Govt capital fuels green auto sector

The Chinese government will allocate 1 to 2 billion yuan annually to support the development and production of green vehicles, said Zhang Shaochun, deputy minister of finance.

Zhang made these remarks at a recent national financial conference on energy conservation and emissions reduction.

He also announced that the government will promote the use of hybrid buses in big and medium-sized cities, saying the vehicles are stable, save energy and cut emissions.