BEIJING -- Looser restrictions on foreign investment in China's automotive industry take effect next month, a change expected to smooth the way for multinationals to build new factories and start electric-vehicle businesses in the world's biggest car market.
Economy
China loosens foreign investment rules for EVs and hybrids
Starting January, multinationals face easier approval of new factories and subsidiaries
An electric vehicle from Nissan Motor in China. Foreign automakers will now have an easier time setting up joint ventures and factories for green cars in the country. © Reuters
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