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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: 293542

Reported Deaths: 6638
CountyCasesDeaths
DeSoto19601229
Hinds18712386
Harrison16569277
Rankin12637263
Jackson12483219
Lee9671160
Madison9420196
Jones7914146
Forrest7159136
Lauderdale6798226
Lowndes6014137
Lamar585880
Lafayette5716113
Washington5182129
Bolivar4599121
Oktibbeha440391
Panola428392
Pearl River4138128
Warren4122113
Pontotoc408068
Marshall400392
Monroe3981126
Union393673
Neshoba3777167
Lincoln3491100
Hancock341674
Leflore3363118
Sunflower317385
Tate301574
Pike299193
Scott292868
Alcorn290760
Itawamba289072
Yazoo284962
Coahoma276367
Tippah276165
Copiah276057
Simpson272778
Prentiss268858
Leake252171
Marion251578
Wayne251541
Covington248278
Grenada246277
Adams233377
George231145
Newton226352
Winston221375
Jasper212744
Tishomingo211965
Attala206369
Chickasaw200851
Holmes181770
Clay178250
Stone171829
Tallahatchie170039
Clarke168971
Calhoun157128
Smith152431
Yalobusha143536
Greene127233
Walthall123640
Noxubee122829
Perry121434
Montgomery121338
Lawrence119521
Carroll117923
Amite110932
Webster110030
Jefferson Davis101231
Tunica98823
Claiborne97929
Benton93324
Humphreys92427
Kemper89623
Quitman77114
Franklin75619
Choctaw69516
Wilkinson62226
Jefferson61927
Sharkey48817
Issaquena1676
Unassigned00

Alabama Coronavirus Cases

Cases: 491849

Reported Deaths: 9869
CountyCasesDeaths
Jefferson707641366
Mobile35937724
Madison32307450
Tuscaloosa24024410
Montgomery22502499
Shelby21848214
Baldwin19698277
Lee14926151
Morgan13624251
Calhoun13202285
Etowah13154319
Marshall11243208
Houston10058259
Limestone9348134
Elmore9345182
Cullman8879179
St. Clair8799221
Lauderdale8588210
DeKalb8436174
Talladega7500163
Walker6509251
Jackson6483102
Autauga622890
Blount6084125
Colbert6004118
Coffee5235102
Dale4627106
Russell402930
Franklin398876
Covington3949106
Chilton386298
Escambia377472
Tallapoosa3572141
Clarke343149
Chambers3399108
Dallas3397141
Pike292972
Lawrence282284
Marion281295
Winston246266
Bibb244560
Geneva238870
Marengo233755
Pickens223954
Barbour210651
Hale209068
Fayette199956
Butler195265
Henry182041
Cherokee176438
Monroe166038
Randolph163140
Washington156334
Crenshaw144054
Clay143454
Macon141643
Cleburne137139
Lamar132432
Lowndes130749
Wilcox121425
Bullock116336
Conecuh106523
Perry105427
Sumter98331
Coosa88623
Greene87132
Choctaw54923
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