The Chinese government just announced a shift in policy, moving to encourage foreign automakers to invest in factories in the country's up-and-coming western region. That's likely to be a boon for General Motors , which recently said that it's planning to invest $11 million in new investments in China.
In this video, Fool contributor John Rosevear looks at GM's big expansion plans for China -- and at the moves being made by its key rivals to take advantage of this big new market.
The best investing approach is to choose great companies and stick with them for the long term. The Motley Fool's free report, "3 Stocks That Will Help You Retire Rich," names stocks that could help you build long-term wealth and retire well, along with some winning wealth-building strategies that every investor should be aware of. Click here now to keep reading.
The article How the Chinese Government Just Helped GM originally appeared on Fool.com.Fool contributor John Rosevear owns shares of Ford and General Motors. Follow him on Twitter at @jrosevear. The Motley Fool recommends Ford and General Motors. The Motley Fool owns shares of Ford. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.