New rule will also help cut overcapacity haunting traditional carmakersChinese electric car startups still without manufacturing licenses may now heave a sigh of relief, as the authorities have said for the first time that they'll support the outsourcing of production to those who have the credentials.

An industry insider who requested to remain anonymous said those brands that did not feature in the gala can heave a sigh of relief for now, but it does not mean they have escaped exposure.

Such brainy plans may not excite my sister-in-law too much, but I am sure tech firms would heave a sigh of relief on realizing their target consumers need no conversion.