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在线翻译:
szdaily -> Business_Markets -> 
State carmakers may receive private investment
    2018-05-28  08:53    Shenzhen Daily

THE government is considering encouraging State-owned carmakers to bring in private automakers as investors as it seeks to create an industrial champion to compete with global peers such as Toyota Motor Corp. and Volkswagen AG, according to sources with direct knowledge of the matter.

A policy paper outlining the proposal is being studied by government departments, said the sources.

The plans are preliminary and could change depending on feedback from different agencies and industry players, they said. The proposals don’t specify what level of stake is permitted.

China, which identified automobiles as one of the key industries in its efforts to beef up the country’s manufacturing and innovation capabilities, is trying to build world-class automakers that can then compete with multi-national corporations.

Bringing private investment into State-owned automakers such as China FAW Group Corp. and Dongfeng Motor Corp. would be in line with the so-called “mixed-ownership reform.”

The government has already undertaken mixed-ownership reform in companies such as telecom operator China Unicom (Hong Kong) Ltd. and carrier China Eastern Airlines Corp.

Besides Central Government-owned companies, provincial governments in China control automakers such as SAIC Motor Corp., BAIC Motor Corp. and Guangzhou Automobile Group Co.(SD-Agencies)

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