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Ministry of Industry and Information Technology: Automotive and other fields will be further opened to foreign investment

Core tip: Huang Libin, spokesperson of the Ministry of Industry and Information Technology and director of the Operation Monitoring and Coordination Bureau, said that in the future, automobiles and related fields will be further opened to foreign investment.

On October 22, Huang Libin, a spokesperson for the Ministry of Industry and Information Technology and director of the Operation Monitoring and Coordination Bureau, stated that in the future, automobiles and related fields will be further opened to foreign investment. This is another signal to improve the business environment of the market after the National Development and Reform Commission released the stock ratio opening table in mid-April 2018.

Ministry of Industry and Information Technology: Automotive and other fields will be further opened to foreign investment

At the press conference on the development of the industrial communications industry in the first three quarters of 2019, Huang Libin China unswervingly improved the level of opening up to the outside world. It will further open up telecommunications, the Internet, and automobiles to foreign investment, continue to improve the level of intellectual property protection, and create a good business. surroundings.

For the opening of foreign investment in the automotive sector, the National Development and Reform Commission has given a clear timetable as early as 2018.

In 2018, the restrictions on foreign investment in special vehicles and new energy vehicles will be lifted; in 2020, the restrictions on foreign investment in commercial vehicles will be lifted; in 2022, restrictions on foreign investment in passenger cars will be lifted, and restrictions on joint ventures not exceeding two. Through the five-year transition period, the automotive industry will completely lift restrictions.

Huang Libin said that China will unswervingly expand its opening up, look at the nationalization construction with an open mind and an inclusive mind, and will not blindly emphasize "independence and controllability" and will not decouple from the development of international industry. (Sina Comprehensive)


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