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China drafting policies to improve management on auto investment project

BEIJING – China is drafting Guidelines for Improving Management on Automobile Investment Projects, according to a report by Economic Information Daily citing an official of the National Development and Reform Commission (NDRC). The content of the guidelines includes to prohibit approval of new investment projects for traditional automobile manufacturing, strictly

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Schaeffler and CPS agree strategic partnership

HERZOGENAURACH, Germany – Schaeffler and CITIC Pacific Special Steel (CPS) signed a strategic partnership agreement here to strengthen their business relationship both economically and technologically, according to a news release by Schaeffler on March 31. The Chinese CITIC Pacific Special Steel Group is China’s largest manufacturer of special steel. CPS

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50:50 JV equity rule may be history by 2020

The Auto Industry Mid- to Long-Term Development Plan released on April 25 is the clearest indication yet that the relaxation of the 50:50 equity requirement for vehicle joint ventures in China is now just a matter of time. And that time may come sooner rather than later, judging from

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50:50 JV equity rule relaxation highlights new industry development roadmap

BEIJING – The Ministry of Industry and Information Technology (MIIT), the National Development and Reform Commission (NDRC) and the Ministry of Science and Technology (MOST) jointly released China’s Auto Industry Mid- to Long-Term Development Plan on April 25. The industry had been looking forward to this document for some time

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FAW Jiefang’s resurgence thanks to nimble market response and people

Besides the joint ventures FAW-Volkswagen and FAW-Toyota, FAW Jiefang has probably been the only bright spot for FAW Group in recent times as far as its wide array of independent brand arms are concerned. The surprising thing is that it has been trucks, the medium and heavy-duty variety, that

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Natural gas heavy-duty truck production up over five-fold in Q1 2017

The natural gas heavy-duty truck market was explosive in the first quarter of 2017. A total of 7,775 natural gas heavy-duty trucks were produced in March 2017, exploding 587 percent on a yearly basis, according to production certificate numbers from the Ministry of Industry and Information Technology (MIIT) as obtained

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