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China's car-price war triggers local protectionism warning from cabinet thinktank

By MLex Staff ( March 14, 2023, 08:05 GMT | Insight) -- The on-going car-price war in China has triggered warnings of market carve-up and local protectionism from the country’s cabinet thinktank. The concerns are arising amid hefty discounts and subsidies reportedly offered by both automakers and local governments to China’s car buyers in multiple provinces, in their effort to boost consumption and reduce inventory pressure.The on-going car-price war in China has triggered warnings of market carve-up and local protectionism from the country’s cabinet thinktank....

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