United States  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

China to allow full foreign ownership in auto industry

SeattlePI.com Tuesday, 17 April 2018
BEIJING (AP) — China has announced plans to allow full foreign ownership of automakers in five years, ending restrictions that have strained relations with Washington and other trading partners. The Cabinet's planning commission said Tuesday it will lift limits on foreign ownership of electric vehicle producers this year, followed by similar action for makers of commercial vehicles in 2020 and passenger vehicles in 2022. The announcement by the National Development and Reform Commission said, "following a five-year transition period, all ownership restrictions will be lifted.
Credit: Bloomberg Global Business - Published < > Embed
News video: China Eases Restrictions in Auto Sector

▶ China Eases Restrictions in Auto Sector 04:03

Apr.17 -- Bloomberg's Kevin Buckland reports on China's elimination of foreign ownership limits for passenger-vehicle ventures in 2022. He speaks on "Bloomberg Markets."

You Might Like

Other recent news in Business

Mark Thomas Men's Apparel owner sells growing BUSINESS to his sonMUELLER Report News Interrupts Sunday Golf and Video Games
Five Things for Monday, including more Mt. Hood and Oregon's take on the MUELLER REPORTMulti-billion dollar showdown over Hewlett-Packard’s $11bn Autonomy purchase starts in LONDON’s High Court Monday
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.