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
