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But, Chinese companies face challenges as they expand globally, according to Gary Miller, a partner at the law firm Mishcon de Reya LLP in London.
But the vast majority are still spending in a restrictive manner.
By 2020, 75 percent of the new public buses will be NEVs, and consumers will be encouraged to purchase 100,000 NEVs.
But the group's president Lyu Benxian said that such difficulties are acceptable for the four-year-old company which is still "in its infancy". The group will make major breakthroughs soon by introducing strategic investors and withdraw from the projects which are not in line with the group's strategic transformation, he said.
But, Hong Kong can take comfort in the fact that it ranks behind most other economies in the region in income inequality measured by the Gini coefficient ranging from 0 which denotes perfect equality to 1 that represents total inequality. The Gini coefficient for Hong Kong was a modest 0.539 compared to a lofty 0.9 for some neighboring economies.
