advertisement

China to relax foreign ownership limits on cars other industries

China to relax foreign ownership limits on cars, other industriesChina announced Tuesday a timeline to open up its manufacturing sector including scrapping ownership limits for foreign automakers, shipbuilders and aircraft firms -- addressing a contentious issue in its trade dispute with the United States. The liberalisation meets a longtime demand of the US and other countries seeking better access for their companies in the world's biggest car market and one of the largest markets for air travel. China currently restricts foreign auto firms to a maximum 50 percent ownership of joint ventures with local companies.


Read more: https://www.yahoo.com/news/china-relax-foreign-ownership-limits-cars-other-industries-095956610.html




advertisement


National Weather

Click on map for forecast

advertisement