Cars are assembled at BAIC Motor’s plant in Zhuzhou, in Hunan province. On Tuesday, Beijing said it would phase out rules requiring foreign carmakers to partner with a local firm to set up a factory in China in the next five years. Photo: Imaginechina
Chinese car stocks struggle as Beijing moves to fully open market to foreign companies
Credit Suisse and Jefferies slashes stock price targets of major players in anticipation of reduced bargaining power for local partners following policy changes
Cars are assembled at BAIC Motor’s plant in Zhuzhou, in Hunan province. On Tuesday, Beijing said it would phase out rules requiring foreign carmakers to partner with a local firm to set up a factory in China in the next five years. Photo: Imaginechina
