What will foreign automakers do after NDRC announcement on ownership restrictions? Not much for now

by Lei Xing   2018-04-20

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The National Development and Reform Commission (NDRC) moved swiftly in announcing a timeline for the phase out of restrictions on foreign ownership of vehicle manufacturing ventures on April 17, a week after Chinese President Xi Jinping said on April 10 at the Boao Forum for Asia 2018 Annual Conference that China would reduce limits on foreign investment in the auto industry.
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