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Tag: joint ventured

Industry Focus Areas, Motorized Vehicle

China carmakers urge foreign ownership cap to remain for 5 years

September 6, 2016

Via: Automotive News

China should keep the 50 percent cap on foreign ownership in local passenger-vehicle joint ventures for at least another five to eight years to ensure Chinese carmakers are ready for full-fledged competition, according to the state-backed auto association. The government […]