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Bye bye 50:50 JV equity rule? Chinese President Xi Jinping says yes!

BOAO, Hainan – The countdown to the day when the 50:50 joint venture equity requirement on foreign investment in vehicle manufacturing in China is eventually lifted has begun now that Chinese President Xi Jinping has personally vowed to do so.


“These industries are now in a position to open up. Going forward, we will reduce as soon as possible limits on foreign investment in these industries, automobiles in particular,” Xi said while delivering his keynote speech at the opening ceremony of the Bo'ao Forum for Asia Annual Conference 2018 here on April 10.


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