Source: China – South China Morning PostIn discussions with major carmakers, China has repeatedly brought up the “irrational competition” driving down prices – an economy-wide issue threatening the buoyancy of emerging growth drivers, particularly new energy vehicles (NEVs) – calling for firms to establish lasting standards to ensure fair and orderly market activity.
As Beijing seeks to rein in a cutthroat price war driving down growth potential in the sector – a trend that is also fuelling deflationary pressure – industry leaders…Read More