China aims to slow foreign investment in auto market
That's not to say China is putting a stop to all aid to foreign automotive investment. The report says China will still encourage foreign automakers to develop green technologies within its borders.
Automakers from General Motors to Toyota and Volkswagen have all focused more heavily on the Chinese auto market in recent years. Honda recently began producing Fit models in China for sale in Canada as part of an effort to move more of the company's production out of Japan, as well. Similar strategies may become less cost effective as China makes it more difficult for foreign companies to invest in manufacturing.
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