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