BEIJING – China’s State Council released the Automotive Industry Readjustment and Revitalization Plan (the Plan) on March 20, 2009. Drafted on January 20, decision makers in China are well aware of the increasing role of the automotive industry as a driver of the national economy to have chosen it as the first industry that needs a revitalization program to help the country move out of the current economic slowdown in the shadow of a world financial crisis. Although the Plan covers a ...

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