TOKYO -- China's promise to make it easier for foreign automakers to operate their own factories in the country is designed to ease trade tensions and ensure continued growth of the domestic auto industry.
Currently, foreign carmakers are required to set up joint ventures with local partners before building factories in China. Foreign makers are allowed to partner with up to two Chinese companies and own up to 50% of the resulting joint ventures.
By continuing to browse this website, you accept cookies which are used for several reasons such as personalizing content/ads and analyzing how this website is used. Please review our
to learn how you can update your cookie settings.