Innovation not license to print money

REPORTS THAT A COMPANY IN NANYANG, Henan province, has produced a car that can run on water has sparked a heated debate. China Daily writer Zhang Zhouxiang comments:

On Thursday, a local newspaper reported that China Youngman Automobile Group Co had produced a car that it claims runs on water.

The newspaper quoted the local Party chief as giving a thumbs up for the program and urging the local financial and other departments to "more actively serve" the enterprise. A later report even said the local government had invested 4 billion yuan ($580 million) in the project.