Home > relaxation

Fu Yuwu: 50:50 JV equity relaxation was long-time coming, industry faces three macro/micro-economic forces

BEIJING – Fu Yuwu knew two years ago that the 50:50 joint venture equity rule would become history. Now that it will be completely lifted by 2022, as was announced by the National Development and Reform Commission (NDRC) on April 17, a week after Chinese President Xi Jinping announced that

| | | | | Read More

MOFCOM: China working on policies to reduce restrictions on foreign investment in NEV production

BEIJING – China is working on new policy measures aimed at reducing restrictions on foreign investment in new energy vehicle manufacturing and to push ahead the further opening of the sector, according to Gao Feng, spokesman of the Ministry of Commerce (MOFCOM). Gao made the comments at MOFCOM’s regular press

| | | | | | | Read More