China issues new rules to curb auto price war after January passenger car sales drop 20 pc
China issues new rules to curb auto price war after January passenger car sales drop 20 pc is drawing significant interest across the industry.
China moved Thursday to curb a fierce price war among automakers that has caused massive losses for the industry, after passenger car sales dropped nearly 20 per cent in January from the year before, the fastest pace in almost two years.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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