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The tariff cut and its short- and long-term impacts on the industry

The swift move by the Ministry of Finance on May 22 to cut import tariffs for automobiles and components (see China reduces import tariffs for autos to 15 percent, components tariffs cut to 6 percent), coming just 42 days after President Xi Jinping vowed at the Bo’ao Forum for Asia

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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

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The Trump card: Equity relaxation is “Presidential” gift for the U.S. and rest of the world

Chinese and U.S. companies signed deals worth an eye-popping more than $253.5 billion during U.S. President Donald Trump’s “state visit-plus” to China in November. The figure, which set a record for China-U.S. trade relations, was revealed by the Ministry of Commerce on November 9 after Chinese President Xi Jinping and Trump

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The Trump card: Equity relaxation is “Presidential” gift for the U.S. and rest of the world

Chinese and U.S. companies signed deals worth an eye-popping more than $253.5 billion during U.S. President Donald Trump’s “state visit-plus” to China this week. The figure, which set a record for China-U.S. trade relations, was revealed by the Ministry of Commerce on November 9 after Chinese President Xi Jinping and

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Ready or not, the “WOFE” is coming for car manufacturing in China

Get ready for a new era where foreign carmakers can build wholly-owned manufacturing plants in China without having to form a joint venture with a Chinese manufacturing partner, as required by the existing Automotive Industry Development Policy (AIDP). There is a catch, of course. With Ministry of Commerce (MOFCOM) Spokesman

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Hello America: the Chinese are coming, again

GAC Group made history in January by becoming the first Chinese automaker in the 110-year history of the North American International Auto Show to exhibit on the main show floor at the Cobo Center. It had good company surrounding it too: Toyota, Lexus, Hyundai and Volvo are all well-established global

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Hello America: the Chinese are coming, again

GAC Group made history this week by becoming the first Chinese automaker in the 110-year history of the North American International Auto Show to exhibit on the main show floor at the Cobo Center. It had good company surrounding it too: Toyota, Lexus, Hyundai and Volvo are all well-established global brands.

| | | | | | | | | | | | | | | | | Read More