President Xi Jinping’s speech at the Boao Forum (11 April), China’s version of the Davos Conference on Hainan Island off the coast of Southern China, outlined yet again Xi’s vision for opening Chinese markets to foreign investment. In the automobile sector, the speech fell far short of ending the 50-50 ownership requirement, though it did offer a future expiration to the arrangement by 2020 for commercial vehicles and for all others by 2022. For electric cars, the ownership requirement ends this year. Current tariffs on imported vehicles, now fixed at 25%, would be reduced without