BEIJING -- The Chinese government has abolished limits on foreign automakers' investments in the passenger vehicle sector, effective next year, sweeping away the last major restriction on global players.
Automobiles
China scraps foreign investment curbs in auto sector
Overseas carmakers can have wholly owned units in the country in 2022
A BMW i4 concept car at the Beijing International Automotive Exhibition. With the foreign investment rules scrapped, BMW aims to raise its stake in a Chinese joint venture. © Reuters
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