Caixin
Dec 19, 2018 04:34 AM
BUSINESS & TECH

New Auto-Investment Rules Limit New Capacity

China is expected to see another sluggish year for the auto industry in 2019. Photo: VCG
China is expected to see another sluggish year for the auto industry in 2019. Photo: VCG

* The new industry policy simplifies administrative procedures for new investment but effectively raises hurdles for them

* Industry sources expect hotter competition and industry reshuffle following the implementation of the new rules

China’s top economic planner Tuesday issued long-awaited new rules on auto- industry investment, imposing tighter restrictions on adding new manufacturing capacity.

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