Nearly 13 years ago today, Britain handed over sovereignty of Hong Kong to the Chinese government, ending a 99-year lease on the territory, and signaling the end of a British presence in China.
Now, reports from various news agencies say that India’s Tata Motors is looking at building Jaguar and Land Rover assembly plants in China. Like all car factories in China, this one is expected to be a joint venture between a local (read: state owned) automaker and Tata. Carl-Peter Forster, the Tata executive responsible for the British brands said that demand is strong enough to support a Chinese assembly plant, and the construction of a new factory won’t harm any jobs in Britain.
[Source: Inside Line]