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WAPI

By Betty Rodriguez,2014-07-19 01:35
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    WAPI

;0cooldowntheoverheatingand

    ;furtherconsolidatetheautoindus. ;,theNationalDevelopmentand

    ;RernnnComnlissioncNDRC1releaseda ;muchanticipatedandhighlysignificant ;ut.policyon1unei.Thisreplacedthe ;3reviousoneissuedbytheStateCouncil ;n199

    ;Itisbelievedthatthenewpolicy ;wil1benefitthebgautomanufacturers

    ;andtheirforeignpartnersastencou1. ;agesgreatercooperationbetweenthe ;:wosidesTheregu1ationisa1so ;expectedtopromotethemorecompeti- ;fiveC}fineseautomakerst0theranksof ;:heworld’stop500multinationalsand

    ;makeChinathelargestautomobile- ;manufacturingbaseintheworld ;Jy2oio

    ;Accordingtotheregulation.]arge ;;tateowned,shareholdingandforeign ;ointventureautomanufacturers.with ;marketoccupancyotaDoveJ5Percent, ;3rwithannna1salesaccountingforover ;[5percentofthetotaindustrysaleswil1

    ;)eallowedtoformtheirindependent ;:levelopmentplansindependentandcan ;:alktothecentragovernmentdirectlyto

    ;etmorefavorablepoliciesfnaddition. ;.oreiEninu1ti11ationa1swi1nowbe

    ;II_owedtocontrolmorethan;opercent ;sharesJnautomobileandmotorcy~1e ;iointventures(JVs1withtheirChinese ;Partners.”iftheiriointventuresare

    ;builtinChinasexportprocessingzones ;andtargetoverseasmarkets”Foreign

    ;in%,estorswillaIsobepermittedtoestab. ;IishmorethantwoIVplantsinChinato

    ;producethesamecategoriesofvehicles. ;However.ifaforeignautomakercon

    ;trolsama{oristakeinanotherover

    ;seasfirm+theywil1betreatedasone ;enfitvwhenitcomestothereouirement ;onthenumberofSino-foreignIVsin ;China,thenewpolicystates

    ;Asaresultofthepolicyforeign ;alltomakersarealreadvfeelingmore ;secureab0uttheir1Vsinvestmentin ;Chinaandareread}’tocashin.Toyota

    ;andGuaDgzhouAutomobilesetuPao. ;oIVinGuangzhouwithatotalinvest. ;meritof{.82billionyuanfU5546i7nail. ;1ion)soonafterthepolicywasreleased ;Meanwhile.VolkswagenisPoisedto ;invest6obillionyuan(USg7.2billion1 ;andupgradeitsannualproductioncapac. ;itoi6millioncarsinChinabyzoo8 ;GM,a411aisoinvestmoreanUS$bii

    ;lionanddoubleitsannl~1capadtoi ;millionvehidesinChinawiInthenext

    ;threeyears,

    ;Previouswaysofenteringtheauto ;industD,bypurchasingtheproduction ;Permitsofil1.managedstare.owned ;manufacturerswil1nolongerbeallowed ;bythenewregulation.Thepolicyalso ;statesthatalllocalgovemmentsarefor ;biddentotakediscriminatoryactionon ;vehiclesmantlfacturedinotherregions ;asamovetocultivateanationalunited ;

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