US-China trade war

China makes BMW the envy of foreign carmakers, giving it green light to raise its venture stake

BMW is the envy of carmakers as first with 75 per cent stake in China

BMW has received the green light to raise its stake to 75 per cent of its onshore venture, becoming the first foreign manufacturer to get a super majority control, in a move by the Chinese government to engender envy among American businesses amid the Sino-US trade war.