“China has reminded car manufacturers and suppliers to avoid price competition overseas to promote healthy growth in the industry. This information comes from the technology section of the overseas tech media South China Morning Post.”
Beijing has ordered Chinese carmakers and component suppliers to refrain from offering steep discounts in overseas markets as they accelerate their global expansion. For the first time, three ministry-level authorities published guidelines governing Chinese carmakers abroad, aimed at improving their global competitiveness, according to a statement by the Mi…