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China may lift cap on foreign carmaker stakes in JVs

Wednesday, June 29, 2016 - 05:50

Beijing

CHINA'S government is considering the removal of caps on stakes foreign carmakers can own in joint ventures (JVs) with local partners, potentially loosening a policy criticised for shielding state-owned companies from competition and building their own brands.

Xu Shaoshi,

sentifi.com

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