nanyang government: Pang Qingnian, the head of Youngman Automobile Group, and the new engine have made headlines, according to Global Times China. The device can be powered with water and hydrogen fuel, the local Nanyang Daily reported Thursday. It also said that the 4-billion-yuan 580 million investment was intended to be used for the construction of a industrial park, but the project has not been approved yet. As the news went viral on China's social media, it drew widespread skepticism. How could this kind of controversial project get local government financial support Media reports said that the Nanyang government bought 72 hydrogen-powered buses at a cost of 86 million yuan from Youngman in April. Is it an upgraded water-into-oil scam many netizens on Weibo asked.
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Tagged under nanyang government, water-into-oil scam topics.