China tests waters with draft pro-local car policy

Newswire

By Ben Blanchard SHANGHAI, Aug 28 (Reuters) - An effort to protect Chinese car makers from foreign competition is unlikely to succeed because it goes against Beijing's WTO commitments pledging a level playing field, analysts and industry sources say. China is pushing a new policy, a draft of which was seen by Reuters, that would ensure locally developed cars command half the market by 2010 and discourage the use of imported parts. Foreign players rule in China's booming car market, ...

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