Bloomberg December 29, 2011 report, the growth rate due to car sales dropped to one-tenth of last year, China will no longer encourage foreign investment in China's automobile industry, so the industry can be "healthy development." Shanghai K-car (LMC Automotive) analyst Jenny Gu said the decision to change the seven consecutive years, China's concessions to foreign investors, including the reduction of import tariffs on plant equipment. China's National Development and Reform Commission and Ministry of Commerce said in a statement, fuel-efficient cars on the field of foreign investment will continue to be encouraged by the state. Jenny Gu said, "The car manufacturers in the future be allowed to start building the new plant will be more difficult, unless they invest in new energy vehicles." China's National Development and Reform Commission said in a statement that China needs to focus on fostering strategic type new industries to manufacturing more sophisticated, more globally competitive.

(Source: Bloomberg Excerpt: Asia-Pacific Finance and Development Center)

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