Market & Industry
Sina Auto New Voices of the Future discussion summit focuses on future of Chinese automobile industry
Gasgoo.com (Shanghai July 3) - At Sina Auto's recently held New Voices of the Future discussion summit, two major issues took the spotlight: the future development trend for automobiles and automobile industry policies. A statement made by China Association of Automobile Manufacturers Deputy Secretary Li Wanli was especially revealing, in which he commented that relevant departments in the State Council are discussing with other departments on how to loosen restrictions placed on manufacturers. Some have taken this as a sign that the over 30-year old legislation that requires Chinese parties to have a 50 percent stake in a joint venture enterprise may change in the future.
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