Government mulls new consolidation policy
By Han Tianyang | China Daily | Updated: 2010-04-24 06:53
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The policy will prohibit automakers from building new plants to expand capacity unless they acquire an existing manufacturer. Zhang Zhiping / For China Daily |
A government plan to encourage more mergers and acquisitions between China's automakers is expected to be released in the next few months as policymakers follow through on their avowed aim to reshape the country's highly fragmented industry.
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