Some of the new industrial policies of China, such as in the high-fuel-efficiency automobile arena, should be of major concern to the U.S., European, Japanese, South Korean, and Indian automobile companies.

FORBES: China Momentum Continues, But What Does It Mean?

B, if we could achieve some of these important policy objectives through executive action as the President did with close to a dozen automobile manufacturers in putting in place fuel efficiency standards that will save 12 billion barrels of oil, we would.

WHITEHOUSE: Press Briefing

But one thing I did not bring up -- one step this President took, standing with the CEOs of more than a dozen automobile companies, was to raise fuel-efficiency standards, double them over the course of a number of years.

WHITEHOUSE: Press Briefing