"This means that “China will limit multinational automakers involvement in car manufacturing with an amendment that places stricter rules on foreign investors in the industry. (2)”
The result is that by the time this new rule was to take effect on January 31 :
a) all new auto businesses had to produce their engines locally
b) all foreign companies had to partner with a Chinese company and own less than 50% of the business entity in order to enter the Chinese market."
b) all foreign companies had to partner with a Chinese company and own less than 50% of the business entity in order to enter the Chinese market."
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