China May Lift Cap on Foreign Carmaker Stakes in Joint Ventures

  • NDRC Chairman Xu confirms government considering rule change
  • Backers of lifting cap include chairman of Volvo owner Geely

Xu Shaoshi.

Photographer: Qilai Shen/Bloomberg

China’s government is considering the removal of caps on stakes foreign carmakers can own in joint ventures with local partners, potentially loosening a policy criticized for shielding state-owned companies from competition and building their own brands.

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