Tag: China

China scraps foreign ownership limits on commercial vehicle manufacturers | Automotive Industry News

The Chinese governing administration plans to scrap the 50% restrict on overseas possession of professional auto producing providers in the country future thirty day period, according to area stories.

The National Improvement and Reform Fee and the Ministry of Commerce previous week unveiled their joint hottest “negative” listing of sectors not open to overseas investment which did not include things like professional auto manufacturers. 

The present 50% possession cap on the professional auto sector has been in place considering that 1994 and its removing is found as the 2nd section of a a few phase plan declared in April 2018

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India’s auto sector not ready to wean off China, Auto News, ET Auto

Like many countries, India relies on China for products such as electronic components and drug ingredients because it cannot make them or source them elsewhere as cheaply, company and industry figures say.
Like many nations around the world, India relies on China for merchandise these kinds of as electronic factors and drug elements because it cannot make them or source them in other places as cheaply, company and market figures say.

NEW DELHI: Days right after a border clash with China this month in which twenty Indian soldiers were killed, New Delhi advised companies to come across strategies to lower imports from China. But two huge industries, automobiles and prescribed drugs, say this is simpler claimed than carried out.

Like many nations around the world, India relies on China for merchandise these

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JLR secures GBP560m China revolving loan facility | Automotive Industry News

JLRs Chinese subsidiary has signed a GBP560m three-year revolving loan facility with a syndicate of five Chinese banks

JLR’s Chinese subsidiary has signed a GBP560m a few-yr revolving bank loan facility with a syndicate of 5 Chinese banking institutions

Jaguar Land Rover (JLR) says its Chinese subsidiary has inked a a few-yr GBP560m revolving bank loan facility, but is declining to remark on studies it has requested the British govt for GBP1bn (US$one.3bn) in aid.

“We are in regular dialogue with govt on a whole array of issues and the material of our private conversations remains private,” said JLR in a assertion sent to just-auto.

“Jaguar Land Rover’s Chinese subsidiary, Jaguar Land Rover (China) Investment has signed a

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China recovers as the rest of the world suffers | Automotive Industry Comment

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