China said to back private investment in state automakers

China is considering encouraging state-owned automakers to bring in private car manufacturers as investors as it seeks to create an industrial champion to compete with global companies such as Toyota and Volkswagen, Bloomberg reported.


China said to back private investment in state automakers

China is considering encouraging state-owned automakers to bring in private car manufacturers as investors as it seeks to create an industrial champion to compete with global companies such as Toyota and Volkswagen, Bloomberg reported.


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