China just announced two trade policy changes which'll have some serious impacts on like — every automaker. Although China's selling the new controls as a way to "cut production overcapacity" — the controls look more like a "cut Chinese automakers a slice of production." The requirements will force international automakers seeking further expansion in the Chinese marketplace to only build new manufacturing centers if their current plants are operating at least at 80% capacity. Also, they'll have to build Chinese brands as well as their own. That's like requiring Toyota to build Dodge Calibers as well as the Yaris if they want to sell cars in the United States. Hmm — methinks the WTO should be having a problem with this. WTO? Hello? Are you listening?
China No Like-y Grow-y No More [internal]