China’s Auto Industry Accelerates Overseas Supply Chain Expansion to Evade Western Sanctions: Experts

BYD electric cars waiting to be loaded on a ship are stacked at the international container terminal of Taicang Port at Suzhou Port, in China's eastern Jiangsu Province, on Sept. 11, 2023. AFP via Getty Images

News Analysis

Chinese authorities are encouraging domestic firms in the automotive supply chain to expedite the process of setting up factories overseas. Some finance experts believe this is an attempt by the Chinese Communist Party (CCP) to bypass Western sanctions on electric cars.