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China carmakers may be hit if foreign caps lifted

Policy that requires overseas carmakers to form joint ventures with locals has helped China brands to develop manufacturing expertise
Thursday, April 20, 2017 - 05:50

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"Automakers that aren't competent enough would be destroyed by the policy change. Rising competition from not only the foreign joint ventures but also from homegrown makers has been weighing on the weak performers." - Cui Dongshu, secretary general of China Passenger Car Association

Shanghai

CHINESE state-owned car giants such as SAIC Motor Corp and Dongfeng Motor Group Co may see billions of dollars in profits evaporate if the government lifts protectionist measures and lets foreign companies operate without a local partner.

China requires overseas carmakers

sentifi.com

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