China to remove limits on foreign investment in passenger car manufacturing

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Chinese authorities will allow full foreign ownership of passenger car manufacturing in the country beginning Jan. 1, 2022.

That's according to a release Monday from the Ministry of Commerce and the National Development and Reform Commission, the top economic planning agency.Feature China | Barcroft Media | Getty Imagesfrom the Ministry of Commerce and the National Development and Reform Commission, the country's top economic planning agency.

The document was one of the government's regular releases on industries barred from foreign investment.had promised the change would come in 2022.However, Monday's release still included 31 areas in which foreign investment is banned or restricted, including rare earths, film production and distribution, and tobacco products. In industries such as medical institutions, foreign entities must form joint ventures with local partners, which typically have the majority stake.

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And they want to export non stop dump to our countries

Good thing..good governance

If people really cared about the environment they would not allow cars in China. Can you imagine the emissions on top of what’s already created by other manufacturing?

BoycottChina

'One of the many great things about our just signed giant Trade Deal with China is that it will bring both the USA & China closer together in so many other ways. Terrific working with President Xi, a man who truly loves his country. Much more to come!”

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