REPORT: China To Drop Joint Venture Requirement For Foreign Car Companies

REPORT: China To Drop Joint Venture Requirement For Foreign Car Companies
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China is looking at doing away with their mandatory rule forcing automakers to enter into 50/50 joint ventures with local Chinese auto makers. This arrangement allows Chinese automakers to gain knowledge from auto makers that are already established, allowing for a an accelerated learning curve while keeping some of the profits at home. However, the… Continue Reading...