Mercedes-Benz's largest individual shareholder is BAIC, a Chinese state-owned automaker. Sources told CNBC that exemptions in the legislation would not apply.
Pretty much every Western car company is allowed in China, they just have to obey local laws. I don’t think they ban entire car brands based on political bullshit.
For 40 years, china required 50% Chinese ownership of foreign automakers who wanted to sell in China, technology transfer requirements, and other restrictions. It’s only very recently that these restrictions have been eased. Combined with their decades of currency manipulation and other protectionist limitations, I don’t think it’s fair for them to expect unfettered access to other markets.
I actually like and admire a lot about China, but this just seems hypocritical.
Pretty much every Western car company is allowed in China, they just have to obey local laws. I don’t think they ban entire car brands based on political bullshit.
For 40 years, china required 50% Chinese ownership of foreign automakers who wanted to sell in China, technology transfer requirements, and other restrictions. It’s only very recently that these restrictions have been eased. Combined with their decades of currency manipulation and other protectionist limitations, I don’t think it’s fair for them to expect unfettered access to other markets.
I actually like and admire a lot about China, but this just seems hypocritical.