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China to lift foreign ownership limits on automakers

AFP  |  Beijing 

announced a timeline for lifting ownership limits on foreign automakers Tuesday, meeting a longtime demand of the and that pledged to fulfill last week.

The country will end shareholding limits for new this year, followed by commercial vehicles in 2020 and passenger cars in 2022, the said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, April 17 2018. 14:25 IST