Caixin
Jul 13, 2018 03:14 AM
BUSINESS & TECH

Premier Backs Foreign Ownership of Auto Ventures

Chinese Premier Li Keqiang arrived at Berlin on July 9. Photo: Xinhua
Chinese Premier Li Keqiang arrived at Berlin on July 9. Photo: Xinhua

Chinese Premier Li Keqiang encouraged foreign automakers seeking control of manufacturing ventures in China during a visit to Berlin amid China’s escalating trade war with the U.S.

Attending an autonomous driving show with German Chancellor Angela Merkel this week, the premier told German auto executives that they are welcome to take majority ownership of joint ventures in China, according to the State Council’s official social media account.

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