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Chapter 461 super factory
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Chapter 463 There must be a cause
PREVIEW
... y foreign-funded auto company investing in and building a factory in China must enter into a joint venture with a local company, and foreign ownership must not exceed 50%.
Prior to this, all overseas car companies, including Volkswagen, GM, Toyota and other companies, built factories in China through joint ventures, usually with foreign ownership of 49%.
Therefore, let alone wholly foreign-owned auto factories, even those with foreign shares exceeding 50% have not yet appeared.
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