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Chinese Premier Li Keqiang: China to completely open up manufacturing sector

BEIJING – Chinese Premier Li Keqiang reiterated to the press on March 20 that China will completely open up the country’s manufacturing sector to foreign investment without imposing compulsory technology transfers from foreign companies. Li made the comments while responding to a question from Bloomberg over China’s reform on foreign investment

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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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IAC opens new Asia HQ and tech center in Shanghai

SHANGHAI – U.S. vehicle interiors supplier International Automotive Components (IAC) opened its Asia headquarters in Shanghai on June 6, according to a company news release. The new 30,000-square-foot headquarters houses the new technical center and will provide approximately 115 experienced professionals in engineering, administrative and sales roles and eventually employ

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Xu Heyi: Chinese manufacturing should improve self-innovation capacity

  TIANJIN – Improving self-innovation capacity is the first step for developing China’s manufacturing sector, according to BAIC Group chairman Xu Heyi at a session on manufacturing at the 2012 Summer Davos Forum held here on September 11. “The sources for the crisis of China’s manufacturing sector are hollowing out

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