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29 Dec
04:05

China to adopt new policies for automotive JVs

The National Development and Reform Commission of China and the Ministry of Commerce of China announced that starting from 1 January, 2022, China will remove the restrictions on share ratios that foreign enterprises can hold in a joint venture within the passenger car manufacturing industry. They also confirmed the upcoming removal of the rule that a foreign enterprise can only establish two or less joint ventures domestically producing who…
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