Since 1994, foreign car companies looking to manufacture cars in China and escape steep import tariffs needed to form a 50:50 joint venture with a local firm. The rule, introduced to help China's infant auto industry as well as keep some profits at home, finally ends on January 1, 2022, the Chinese government announced on Monday. Also getting...Since 1994, foreign car companies looking to manufacture cars in China and escape steep import tariffs needed to form a 50:50 joint venture with a local firm. The rule, introduced to help China's infant auto industry as well as keep some profits at home, finally ends on January 1, 2022, the Chinese government announced on Monday. Also getting...
Comments
Post a Comment