Early 1990s witnessed the initialgrain protection pricehigher than the market price and the former's gradualreturning tolevel with the purchasing price.
Along with the initial high cost of purchasing an electric car, the lack of charging stations across the country is a big deterrent for consumers looking to buy electric cars.
The initial results from HSBC's January Purchasing Managers' Index survey of Chinese manufacturers showed activity there contracting, though at a slightly slower pace than in December.