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China to phase out automobile shareholding limits for foreign investors

Updated: Apr 17,2018 5:02 PM     Xinhua

BEIJING — China will phase out shareholding limits for foreign investors in the automobile sector, the country’s top economic planner said on April 17.

Shareholding limits for special-purpose vehicles and new energy vehicles will be scrapped for foreign investors in 2018, while those for commercial vehicles and passenger vehicles will be lifted in 2020 and 2022 respectively, according to the National Development and Reform Commission.

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