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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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The death of the 50:50 JV equity rule and the traditional fuel vehicle?

The Ministry of Commerce (MOFCOM) sort of responded to a recent Bloomberg report that China is considering letting foreign carmakers set up wholly-owned ventures to produce electric vehicles inside China’s free-trade zones when its spokesman said at a regular conference on September 21 that China is working on measures to

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