Friday, June 14, 2024
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BOOST FOR CHINESE BIKE PRODUCTION

The Chinese government has introduced a fresh round of regulatory changes in its 29-sq-km Shanghai Free Trade Zone on the outskirts of China’s commercial capital, in a bid to jump-start fresh interest in the district from overseas investors.

These changes, which were approved by the State Council in early September, involve ownership rules and other restrictions for companies engaged in a range of activities. Specifically, foreign businesses locating in the zone will — for the first time — be allowed to establish wholly-owned motorcycle manufacturing operations.

 

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