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
It kinda depends what other controls they have over foreign owned car companies. In China during recent years, there's a mix of both opening up and increasing controls over capital that makes it hard to evaluate one thing in isolation.
Yeah it would be nice to know about things like that, if they exist. Information is sparse.