CCTV News: How do foreign-funded car companies view the new version of the negative list of foreign investment access? The chairman of the Automobile Working Group of the European Union Chamber of Commerce in China said in an interview with reporters that the relaxation of the restrictions on the equity ratio of the automotive industry has increased the expectations and confidence of foreign investors in the long-term development of China's automobile industry and market, and provided more possibilities for foreign enterprises to formulate flexible and efficient development strategies in China in the future.
The automotive working group of the European Union Chamber of Commerce in China, which is composed of more than 80 vehicle and auto parts companies, received the first good news at the beginning of the year that the new version of the negative list for foreign investment access has been implemented.
The chairman of the Automotive Working Group of the European Union Chamber of Commerce in China said that the liberalization of the share ratio of the automotive industry has a positive impact on foreign auto companies that are already doing business in China and planning to enter China in the future. In the face of major changes in the automobile industry that have not occurred in a century, the relaxation of foreign equity restrictions is opportune.
Zhang Hongzhuo, chairman of the Automotive Working Group of the European Union Chamber of Commerce in China, said that the relaxation of the restrictions on the equity ratio of the automobile industry and the unlimited number of joint ventures will help foreign car companies to maximize the use and give full play to the flexibility given by the policy and improve the operational efficiency in China. At the same time, the importance of foreign enterprises to the Chinese auto market will be further strengthened, and the design and research and development of automotive products that meet the preferences of Chinese consumers will become the mainstream.
Source: CCTV