China lifts restrictions on foreign carmakers

China is making good on the promise to open its huge car market to foreign automakers.The country will remove ...

Posted: Apr 17, 2018 6:51 PM
Updated: Apr 17, 2018 6:51 PM

China is making good on the promise to open its huge car market to foreign automakers.

The country will remove its longstanding restriction on foreign ownership for manufacturers of electric cars, ships and aircraft this year, the government announced Tuesday.

The announcement is just a first step in what China promised will be gradual phasing out of all restrictions on foreign ownership in the automobile industry.

The easing of the rules for carmakers comes at a time of increased trade tension between China and the United States. While China promised opening its car market in the past, Tuesday's announcement of a timeline could be a signal from that the world's second biggest economy is prepared to work with the US to avoid a full-on trade war.

The commission said ownership caps on commercial vehicles, such as buses or delivery trucks, manufacturers will be lifted by 2020, with passenger car makers following in 2022.

Under current rules, foreign automakers that want to produce and sell cars in China have to establish 50/50 joint ventures with Chinese companies.

Ford, General Motors, Volkswagen, BMW, Fiat Chrysler, Renault and others have partnered with Chinese manufacturers.

China is the world's biggest car market, and success in the country is crucial for many car makers. GM said China has been its biggest market for six years straight. Volkswagen has also put huge emphasis on China, branding the market "decisive" for its future success. It sold more than 4 million cars in China in 2017, far more than in any other country.

Ford said in a statement Tuesday it was "encouraged by the announcement" on foreign ownership restrictions.

"[The announcement] is a clear demonstration of the Chinese Government's commitment to further open the automotive industry," Ford said in a statement.

GM said it is planning to continue to work with its partners in China. Other companies were not immediately available for comment.

Related: US-China trade: 24 hours that escalated the fight

President Donald Trump announced new tariffs on $50 billion worth of Chinese goods last month. China responded within hours by announcing $50 billion worth of tariffs on US goods. Trump then threatened additional tariffs on $100 billion worth of Chinese imports.

The back and forth escalated again this week. The United States dealt a potentially crippling blow to the Chinese smartphone maker ZTE on Monday, cutting it off from American part makers for seven years.

China said Tuesday that it would introduce a huge import charge on US shipments of sorghum, a grain that is used to feed livestock and make a liquor that's very popular with Chinese.

- Peter Valdes-Dapena, Charles Capel and Serenitie Wang contributed to this article.

Mississippi Coronavirus Cases

Data is updated nightly.

Cases: 313942

Reported Deaths: 7240
CountyCasesDeaths
DeSoto21580258
Hinds20330415
Harrison17879309
Rankin13594278
Jackson13429246
Madison10088217
Lee9970174
Jones8370163
Forrest7670152
Lauderdale7188241
Lowndes6387146
Lamar622486
Lafayette6184118
Washington5332133
Bolivar4801132
Oktibbeha462198
Panola4582106
Pearl River4506146
Marshall4435103
Warren4386121
Pontotoc420172
Monroe4107133
Union410076
Neshoba4030176
Lincoln3962110
Hancock378486
Leflore3493125
Sunflower335990
Tate333384
Pike3316105
Scott315773
Alcorn312768
Yazoo311469
Itawamba299777
Copiah296865
Coahoma295179
Simpson294988
Tippah288168
Prentiss279760
Adams278782
Marion269080
Leake267473
Wayne262641
Grenada261386
Covington258281
George247848
Newton246261
Winston227081
Tishomingo226667
Jasper221048
Attala214273
Chickasaw207757
Holmes188873
Clay185254
Stone182433
Tallahatchie178541
Clarke177980
Calhoun170532
Yalobusha164238
Smith162334
Walthall133945
Greene130533
Lawrence128524
Montgomery126742
Noxubee126734
Perry126338
Amite123042
Carroll121828
Webster114532
Jefferson Davis107033
Tunica105226
Claiborne102430
Benton99525
Humphreys96533
Kemper95728
Franklin83623
Quitman80716
Choctaw76318
Wilkinson67230
Jefferson65528
Sharkey50217
Issaquena1686
Unassigned00

Alabama Coronavirus Cases

Cases: 531404

Reported Deaths: 10985
CountyCasesDeaths
Jefferson765501522
Mobile41036805
Madison34789503
Tuscaloosa25788453
Montgomery24340589
Shelby23449249
Baldwin21154308
Lee15882171
Calhoun14511314
Morgan14306279
Etowah13843353
Marshall12232223
Houston10570281
Elmore10068205
Limestone9974151
Cullman9676194
St. Clair9661243
Lauderdale9427241
DeKalb8831186
Talladega8227176
Walker7241277
Autauga6926108
Jackson6814112
Blount6678137
Colbert6306134
Coffee5519119
Dale4838111
Russell441538
Chilton4296112
Franklin426082
Covington4129118
Tallapoosa4023152
Escambia393677
Chambers3573123
Dallas3551152
Clarke351161
Marion3122101
Pike310977
Lawrence300398
Winston274473
Bibb260964
Geneva250477
Marengo249564
Pickens234461
Barbour231057
Hale223077
Butler216069
Fayette212562
Henry188844
Cherokee185245
Randolph180542
Monroe177540
Washington167339
Macon159650
Clay156756
Crenshaw152557
Cleburne148941
Lamar142535
Lowndes138853
Wilcox127130
Bullock122841
Conecuh110529
Perry107726
Coosa107628
Sumter104732
Greene92534
Choctaw60724
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