Tuesday, January 3, 2012

China 'to withdraw' foreign car investment support

Is this a Chance for Thailand??


China has said it will withdraw support for foreign investment in the country's car industry to encourage domestic carmakers, according to state media.
The Xinhua news agency cited a joint announcement from the Ministry of Commerce and the National Reform and Development Commission.
The report did not provide details of what support was being withdrawn.
Some of the world's largest carmakers, including America's General Motors and Germany's Volkswagen, operate in China.