Biz leaders offer thoughts on China's future at two sessions

Promoting the automobile industry to achieve China's dual carbon targets

Li Shufu, a national political adviser and chairman of Geely Holding Group, made a proposal on strengthening the foundation of the carbon market and promoting the automobile industry to achieve China's dual carbon targets.

Li said it is urgent to accelerate the construction of a national carbon market, establish relevant carbon management mechanisms and policies, and standardize digital platforms for carbon management so as to maintain China's leading position in the new energy vehicle industry and comply with international carbon emission policies.

Li proposed that in order to further expand China's export advantage of automotive products and address the carbon trade barriers in European countries and the US, it's crucial for automotive products to be among those products that adhere to carbon footprint accounting rules and standards which will be introduced by 2025.