Attracting overseas investors, China style

BEIJING - US electric automaker Tesla Inc has been in the media spotlight in the past few weeks for something still uncertain: whether, and when, it will build its first car factory in China.

Tesla CEO Elon Musk spoke of a "rough target of start of production in about three years" on the company's plan for a China plant in a conference call with analysts last fortnight, following reports of it having talks with Shanghai's municipal government on building a factory.

Nothing is final yet, but one thing is certain: however Tesla's plan turns out, China is unlikely to slow down its drive to open wider to foreign investors.