EU fears China will designate car industry 'strategic' - EU official |
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Published
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Wed, 24 Oct 2007 08:56 |
BEIJING (XFN-ASIA) - The European Union fears that China will designate its car industry 'strategic', a move that would place more restrictions on foreign players, EU official Heinz Zourek said.Zourek, the European Commission's director general for enterprise and industry, was speaking to reporters in Beijing after two days of meetings with his counterparts.Foreign auto makers already must establish joint ventures with local companies in order to set up in China.david.stanway@xfn.comwill.davies@afxasia.com-xfnwd/xfnjanmCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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