Business Standard

China will continue to relax foreign investment rules for auto industry

Image

Reuters BEIJING

BEIJING (Reuters) - China will continue to relax foreign investment rules for the country's auto sector and other high end manufacturing, lifting restrictions in an orderly fashion, the commerce ministry said on Thursday.

The government is preparing to further open up the new energy vehicle battery market to foreign investment, Ministry spokesman Sun Jiwen told a regular briefing in Beijing.

(Reporting by Sue-Lin Wong; Writing by Jake Spring; Editing by Michael Perry)

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 25 2017 | 10:54 AM IST

Explore News