China Curbing Overcapacity Helps GM Plan Double Deliveries: Cars

China is clamping down on overcapacity in the world’s biggest automobile market, benefiting companies with entrenched production and sales, such as General Motors Co., while hurting newcomers to the market.

Foreign automakers received preferential treatment for seven years on their Chinese plants as the country sought foreign investment. Now, the carmakers will only be eligible for incentives on factories approved by the government before Jan. 30, the nation’s top economic planner said on its website Dec.