HANGZHOU, June 9 (Xinhua) -- A domestic company's purchase of the
gas-guzzling Hummer brand is against China's economic situation and the
country's development, said an official with the Development Research Center of
the State Council, the country's Cabinet Tuesday.
"If the Chinese company is just trying to stir media hype, that is
understandable; if it really takes this step to buy, relevant departments should
be strict and cautious with the approval, or reject the application if
necessary," said vice director Lu Zhongyuan, at the China Opening-up Forum in
Ningbo of eastern China's Zhejiang Province.
Tengzhong Heavy Industrial Machinery Co., which is based in southwestern
Sichuan Province, said last Wednesday that it was buying Hummer and a
preliminary deal had been inked.
"Buying a fuel-hungry and high-emission brand is directly against the
current trend of energy saving and emission reduction," Lu said.
"The entire society should form the concept of energy-saving and
environmental protection, no matter producers, investors, or consumers," he
added.
The preliminary deal for a little-known Chinese company to buy Hummer from
General Motors has triggered doubts and criticism from analysts.
Tengzhong has no experience in the passenger-vehicle market and mainly
produces industrial machinery.