China tells carmakers, suppliers to avoid price wars abroad to pave way for healthy growth

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 Ministry of Commerce. “The guidelines aim to promote long-term, healthy development of the Chinese automotive industry in international...