New procurement regulations a win for domestic automakers

BEIJING - As the government prepares revisions to regulations on official car procurement, domestic automakers are preparing to grab more market share from foreign joint venture manufacturers.

The new regulation, slated to be launched in June, will mandate that government offices across the country purchase more than 50 percent domestically branded cars for their fleets in the future.

The regulation will also change the guidelines for vehicles to be purchased, basically excluding most brands made by joint ventures.