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In the first half of 2018 China will launch a pilot scheme for the purpose of relaxing restrictions on foreign companies’ ownership of new energy as well as special use vehicles businesses set up within free trade zones, as the foreign ministry informed on Thursday.
In a statement published after a gathering of China President Xi Jinping and US President Donald Trump the ministry also told it would gradually reduce tariffs for cars.
The promise comes as Tesla intends to build a factory in Shanghai. The given electric car maker is eager to expand its presence in the Chinese ascending electric vehicle market without compromising its intellectual property norms or independence.
China, levying a duty of 25% on imported cars, hasn’t permitted foreign car makers to establish wholly owned factories in the world's number one car market. Rumors say this Asian country is about to enable foreign investors to lift stakes in new electric car companies.
In September, China's new home prices managed to surge at a firm tempo, backed by profits in smaller cities and demonstrating that the market was still resilient notwithstanding pressures from softer investment, a decelerating economy as well as…
In September, American home sales went down by the most for more than two years due to the fact that the housing market kept struggling notwithstanding strength across the broader American economy…
In September, Britain's authorities faced a smaller budget deficit than anticipated, although the improvement won’t probably help a lot to have minister Philip Hammond financed as he’s working on his annual budget…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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