CHINA: VW executive calls aspects of new vehicle industry policy "stupid and old fashioned" - report
Aspects of China's proposed new vehicle industry policy were criticised on Monday as "stupid and old-fashioned" by a Volkswagen executive, a news agency report said. The new draft policy's continuation of a requirement that foreign companies maintain separate distribution outlets for imported and locally-produced cars suggests the policy is short-sighted and overly conservative, VW's Asia Pacific president Bernd Leissner told Dow Jones Newswires.
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