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Jump in! The auto industry is "open" for business

China’s auto industry is expected to open wider to foreign investment with lesser restrictions after a series of comments made by the country’s top officials including Chinese Premier Li Keqiang at the ongoing annual “Two Sessions.”


Li, in his government work report delivered on March 5 at the opening meeting of the First Session of the 13th National People’s Congress (NPC) held in Beijing, said that “foreign investment will transition from an examination and approval system to a ‘negative list’ management system and two-thirds of restrictive measures will be cut,” while “the general manufacturing sector will be completely opened up, and access to sectors like telecommunications, medical services, education, elderly care and new energy vehicles will be expanded.” (see Government work report gives guidance on auto industry)


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