> Volkswagen is a cherry picked example, look at Tesla, which isn't a joint venture. BMW still uses a JV but now holds 75% of BMW Brilliance etc.
No cherry picking. Purely random. FWIW, according to my quick research there are only 3 vehicle manufacturers that operate and manufacture in China while retaining 100% ownership as a foreign company. They are Tesla (Gigafactory in Shanghai), Lexus (EV plant in Shanghai), and Scania (truck manuf. in Rugao). If this list is comprehensive, then it is very very short, and my original point stands which is that technically the market might be open (barring the exceptions I mentioned), but in practice it is pretty closed because it is so hard to enter due to all the barriers that are put up.
I think it is fair to say, and I think you would agree, that on a spectrum of free trade, China doesn't rank very high.
The JV rule is gone. China removed the foreign ownership cap in autos on a staged schedule with NEVs in 2018, commercial vehicles in 2020 and passenger cars from the start of 2022. The old "max two JVs" rule was lifted at the same time. In other words, if a foreign OEM wants 100% today, the law allows it.
BMW example I mentioned is an example of exercising that choice, it lifted its stake in BMW Brilliance from 50% to 75% once the rules changed. And Tesla ias wholly owned in Shanghai (enabled by the 2018 NEV opening). That's precisely the point I made, it wasn't an "exception" as you framed it, to a still binding rule, it was an early use of the liberalization.
So since 2022 ownership is a strategic choice for these companies. Many legacy JVs remain not because they don't have a choice but because of scale, supply chain integration, dealer networks, local partners assets etc, so on other words it works for them like this better, but any OEM with the capital can take majority or go 100% (as BMW did and as Tesla/Scania/Lexus show).
Saying "technically the market might be open ... but in practice it is pretty closed" doesn't hold up to the post 2022 facts.
No cherry picking. Purely random. FWIW, according to my quick research there are only 3 vehicle manufacturers that operate and manufacture in China while retaining 100% ownership as a foreign company. They are Tesla (Gigafactory in Shanghai), Lexus (EV plant in Shanghai), and Scania (truck manuf. in Rugao). If this list is comprehensive, then it is very very short, and my original point stands which is that technically the market might be open (barring the exceptions I mentioned), but in practice it is pretty closed because it is so hard to enter due to all the barriers that are put up.
I think it is fair to say, and I think you would agree, that on a spectrum of free trade, China doesn't rank very high.