China sets timeline to scrap foreign stake limits for auto sector

From Reuters - April 17, 2018

BEIJING, April 17 (Reuters) - Chinas state planner said on Tuesday the country will scrap foreign ownership limits on commercial vehicle firms in 2020 and lift restrictions on passenger vehicle firms in 2022.

China will also scrap foreign ownership limits on new energy vehicle firms in 2018, the National Development and Reform Commission (NDRC) said in an online statement.


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