CHINA: MOFCOM Proposes to Relax Restrictions on Foreign Ownership in Automotive Electronics

China proposes to reduce foreign investment restrictions in the auto and other high-end manufacturing sectors, including automotive electronics and new energy vehicle batteries, an official with the Ministry of Commerce (MOFCOM) has announced .

Sun Jiwen, spokesperson for MOFCOM stated that a revised guidance catalogue for foreign investment in China would soon come into force, relaxing restrictions on foreign ownership in automotive electronics, new energy vehicle batteries, motorcycles and other sectors.

Please follow the link at the top of the page for the announcement.