The elimination of restrictions on foreign automakers in China may be seen as a major concession in the face of a possible trade war, but it will have little impact on foreign car manufacturers already operating in the country.
Since 1994, foreign automakers have had to form joint ventures with local partners if they want to produce vehicles in China.
After all restrictions are lifted in 2022, foreign automakers will be able to go solo.
The future of transportation is said to be without the humming of petrol engines. But how far away is China from a gas-free future? Yang Chengxi takes a look at how China's new energy vehicle market has evolved to be more market-driven, and how its battery makers are becoming the leaders in the industry.