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China to scrap foreign auto ownership limits by 2022 – Reuters

China to scrap foreign auto ownership limits by 2022 – Reuters


Reuters

China to scrap foreign auto ownership limits by 2022
Reuters
BEIJING/SHANGHAI (Reuters) – China will scrap foreign ownership caps on local auto companies by 2022 and will remove restrictions on new-energy vehicle ventures this year, a major shift that will open the market wider to carmakers from Nissan (7201.T
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