China opens to foreign-owned investment by commercial vehicle EMs
By Jim Gibbins - 1st March 2021
China – Three years ago this April, the President of The Peoples Republic of China and the National Development and Reform Commission (NDRC) announced major changes to open China to investment by foreign companies. Following the recent announcement that Scania AB of Södertälje, Sweden has acquired Nantong Gaokai Auto Manufacturing Ltd of Rugao, Jiangsu Province – see article in this issue - Truck & Bus Builder decided to review the possible future impact on the commercial vehicle industry. An article written by law firm, Kings Wood & Mallesons www.kwm.com, reviewing the potential impact of the law changes has been reproduced in part below.
Background of foreign ownership restrictions and impact of their reform
