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I believe China recently removed the joint-venture requirement. It's either a sign that China's maturing and slowing economy is no longer so attractive that the
by qzw 4y ago
I believe China recently removed the joint-venture requirement. It's either a sign that China's maturing and slowing economy is no longer so attractive that they can impose such an onerous requirement, or that China thinks it's already gotten everything out of Western companies and now is at technological parity. Or maybe both.
- kube-system 4y agoThe did, for new auto manufacturers, which AFAIK just meant Tesla. Other parts of their economy still requires joint ventures, though.