Wondering what everyone thinks about this. On the face of it, looks bad to me. I’m not sure how a foreign owned auto industry is helpful towards eventually having a worker owned industry in the future. Is the WTO forcing this?
CNBC: China removing limits on foreign investments in passenger car manufacturing
Global Times article on the same
This seems to be a series of event set in motion beginning in 2018 with the trade dispute with Trump:
China Loosens Foreign Auto Rules, in Potential Peace Offering to Trump
Doing a cringe :sadness: idk, if intellectual sharing agreement is still in place, maybe they run into some issues?