18 Nov '11, 8am

China to introduce tighter rules for new automakers: China is set to introduce new standardised rules for compan...

China is set to introduce new standardised rules for companies applying to start a car-making business in the country, in what looks like a bid to limit new entrants as sales begin to slow in the world’s number one automotive market. According to reports, the rules – which are aimed at advancing industry reorganisation – state that these companies must meet certain criteria, including scale of production and development capacity, though no specific figures were mentioned. The country’s Ministry of Industry and Information Technology said on a statement on its website that the rules will take effect from January 1. There are already more than 100 automaking companies in China, but that hasn’t stopped new players from attempting to get into the game – companies such as Pang Da Automobile, an auto dealer group, for example, have tried to expand into car production. The report...

Full article: http://paultan.org/2011/11/18/china-to-introduce-tighter-...

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