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New regulations on auto investment to tighten industry supervision, replace 14-year-old AIDP

BEIJING – The National Development and Reform Commission (NDRC) has issued a draft of regulations that aims to tighten supervision and raise investment thresholds in the auto industry. The Administrative Regulations on Automotive Industry Investment (ARAII) (draft to solicit public opinion), a copy of which CBU/CAR has obtained, is expected to

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Heavy-duty truck industry to see more stable development in future

China’s Central Bank announced on June 16 that the deposit reserve ratio for commercial banks that satisfy prudent operation requirements and has certain percentage in offering loans to support “three rural” development (agriculture, farmer and rural area) and small and micro businesses will be reduced by 0.5 percentage point. This

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