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Full Liberalization Of Foreign Investment In Auto Parts
Dec 29, 2017
December 7, the Development and Reform Commission, the Ministry of Commerce issued a joint "foreign investment Industry Guidance catalogue" revised draft, formal external solicit opinions. The revised version encourages foreign investors to invest in traditional energy-saving parts technology, to no longer set the stock ratio limit for can bus and EPS controller, and to cancel the new Energy Power Battery project. July 19, the State Council issued the "on the Free Trade test area for the temporary adjustment of the relevant administrative regulations, State Council documents and approved by the State Council of the Department of Regulations," the decision to allow foreign businessmen in the FTA in the form of the Can bus, EPS controller and Power Battery manufacturing and research and development. This trend shows that the state has fully liberalized foreign investment in auto parts and components.