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Stay calm and carry on: 50:50 JV equity rule relaxation coming at the right time

Tesla CEO Elon Musk must be on cloud nine right now.

The comments from Chinese President Xi Jinping on April 10 at the Boao Forum for Asia 2018 Annual Conference that China would reduce limits on foreign investment in the auto industry (see Bye bye 50:50 JV equity rule? Chinese President Xi Jinping says yes!) in effect starts the countdown to the day when the 50:50 joint venture equity requirement on foreign investment in vehicle manufacturing is officially abolished.

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