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China honors pledges to scrap ownership limits on foreign automakers in new negative list

China on Monday unveiled a nationwide negative list for 2021 โ€“ in a move that observers called โ€œa signature and phased step in high-level opening-up of the economyโ€ โ€“ that drastically reduced barriers for foreign investment for five years in a row, with a full scrapping of restrictions on foreign ownership in passenger cars and a further easing in foreign investment in the production of key communications equipment.
Global Times Opening Up

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