{"id":3854,"date":"2018-05-08T11:19:06","date_gmt":"2018-05-08T09:19:06","guid":{"rendered":"https:\/\/www.china-certification.com\/en\/?p=3854"},"modified":"2023-02-09T11:46:40","modified_gmt":"2023-02-09T10:46:40","slug":"planned-omission-of-investment-limit-china-opens-its-car-market","status":"publish","type":"post","link":"https:\/\/www.china-certification.com\/en\/planned-omission-of-investment-limit-china-opens-its-car-market\/","title":{"rendered":"Planned omission of investment limit: China opens its car market"},"content":{"rendered":"<p>With a big step towards opening up the Chinese market, the Chinese government has announced the abolishment of the 50 percent rule for foreign companies&#8217; involvement in vehicle manufacturers. The law was introduced in 1994, stating that foreign automakers can not own more than half of the shares of local companies. This forced them to work together with Chinese companies or to form joint ventures. With this arrangement, the government promised improved cooperation and support for Chinese companies. Also, the long-term and sustainable investment of foreign companies and investors should be ensured.<\/p>\n<p>Now it was surprisingly announced to abolish this limitation gradually. This political decision marks a new turn in a turbulent week for Chinese trade. China imposed a temporary punitive tariff on US grain after the United States banned American companies from selling parts to Chinese phone maker ZTE Corporation on Monday. Step by step, companies that produce electric and hybrid cars will first be exempted from the limitation this year. Commercial vehicles will follow in 2020 until finally the complete car market from 2022 will be opened.<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-3855 size-full\" title=\"Globalization \" src=\"https:\/\/china-certification.com\/wp-content\/uploads\/sites\/2\/2018\/05\/Fotolia_177496722_XS.jpg\" alt=\"Globalization \" width=\"490\" height=\"245\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>Although many, especially German automakers, welcomed this decision, the reaction was rather calm. Many had already invested in joint ventures in the past and had good experiences with them. Not much will change for these companies in the future. However, companies that do not yet produce in China could benefit. Many automakers had to deal with high import duties for new vehicles and components. Tesla, for example, had several times in the past considered to gain a foothold in China, but this has not yet realized. Ford recently announced a $ 756 million investment in the production of electric cars with local partner Zotye Auto. Now is a good opportunity to build a manufacturing facility in China.<\/p>\n<p>For Chinese-made vehicles, as well as for imported vehicles, a China CCC \/ China Compulsory Certificate certification is required.<\/p>\n<p>For more information on how CCC certification may affect your company, or for more information about\u00a0<a href=\"https:\/\/china-certification.com\/en\/what-is-ccc\"><strong>CCC certification<\/strong><\/a>\u00a0in general, the\u00a0<a href=\"https:\/\/china-certification.com\/en\/certification-process\"><strong>process<\/strong><\/a>, and the associated\u00a0<a href=\"https:\/\/china-certification.com\/en\/costs-of-ccc-certification\"><strong>costs<\/strong><\/a>, please visit our\u00a0<a href=\"http:\/\/china-certification.com\/en\/\"><strong>website<\/strong><\/a>\u00a0and our\u00a0<a href=\"https:\/\/china-certification.com\/en\/news\"><strong>News Section<\/strong><\/a>\u00a0where you will find current updates twice a week.<\/p>\n<p>Please do not hesitate to contact us for further details and consultation. You can contact us via\u00a0<a href=\"mailto:info@china-certification.com\"><strong>e-mail<\/strong><\/a>, or call us (UK:\u00a0<strong>+44 2071931135<\/strong>, Rest of Europe:\u00a0<strong>+49 69 2713769150<\/strong>, US:\u00a0<strong>+1 773 654-2673<\/strong>).<\/p>\n<p style=\"text-align: left\">You can also check out our free CCC-Brochure, which can be downloaded right\u00a0<a href=\"https:\/\/china-certification.com\/en\/ccc-booklet\"><strong>here<\/strong><\/a>\u00a0as a PDF file or you consult our book (in English) \u201cA Brief Guide to CCC: China Compulsory Certification\u201d, which can be found directly <a href=\"http:\/\/www.amazon.de\/Brief-Guide-CCC-Compulsory-Certification\/dp\/1484115538\/\" target=\"_blank\" rel=\"noopener\"><strong>here<\/strong><\/a> on Amazon.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With a big step towards opening up the Chinese market, the Chinese government has announced the abolishment of the 50 percent rule for foreign companies&#8217; involvement in vehicle manufacturers. The law was introduced in 1994, stating that foreign automakers can not own more than half of the shares of local companies. This forced them to [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":3855,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[106],"tags":[],"class_list":["post-3854","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-further-topics"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Planned omission of investment limit: China opens its car market - MPR China Certification GmbH<\/title>\n<meta name=\"description\" content=\"So far, foreign automakers could not own more than 50 % of the shares in a Chinese company. China will abolish this rule by 2022.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.china-certification.com\/en\/planned-omission-of-investment-limit-china-opens-its-car-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Planned omission of investment limit: China opens its car market - MPR China Certification GmbH\" \/>\n<meta property=\"og:description\" content=\"So far, foreign automakers could not own more than 50 % of the shares in a Chinese company. China will abolish this rule by 2022.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.china-certification.com\/en\/planned-omission-of-investment-limit-china-opens-its-car-market\/\" \/>\n<meta property=\"og:site_name\" content=\"MPR China Certification GmbH\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-08T09:19:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-09T10:46:40+00:00\" \/>\n<meta name=\"author\" content=\"Julian Busch\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Julian Busch\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.china-certification.com\\\/en\\\/planned-omission-of-investment-limit-china-opens-its-car-market\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.china-certification.com\\\/en\\\/planned-omission-of-investment-limit-china-opens-its-car-market\\\/\"},\"author\":{\"name\":\"Julian Busch\",\"@id\":\"https:\\\/\\\/www.china-certification.com\\\/fr\\\/#\\\/schema\\\/person\\\/4f5cd923141741b7fe96721b17c464bf\"},\"headline\":\"Planned omission of investment limit: China opens its car market\",\"datePublished\":\"2018-05-08T09:19:06+00:00\",\"dateModified\":\"2023-02-09T10:46:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.china-certification.com\\\/en\\\/planned-omission-of-investment-limit-china-opens-its-car-market\\\/\"},\"wordCount\":431,\"image\":{\"@id\":\"https:\\\/\\\/www.china-certification.com\\\/en\\\/planned-omission-of-investment-limit-china-opens-its-car-market\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"articleSection\":[\"Further Topics\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.china-certification.com\\\/en\\\/planned-omission-of-investment-limit-china-opens-its-car-market\\\/\",\"url\":\"https:\\\/\\\/www.china-certification.com\\\/en\\\/planned-omission-of-investment-limit-china-opens-its-car-market\\\/\",\"name\":\"Planned omission of investment limit: China opens its car market - MPR China Certification GmbH\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.china-certification.com\\\/fr\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.china-certification.com\\\/en\\\/planned-omission-of-investment-limit-china-opens-its-car-market\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.china-certification.com\\\/en\\\/planned-omission-of-investment-limit-china-opens-its-car-market\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2018-05-08T09:19:06+00:00\",\"dateModified\":\"2023-02-09T10:46:40+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.china-certification.com\\\/fr\\\/#\\\/schema\\\/person\\\/4f5cd923141741b7fe96721b17c464bf\"},\"description\":\"So far, foreign automakers could not own more than 50 % of the shares in a Chinese company. 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