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Auto trade body asks for 'price-cut hype' in China to cool off

By Yonnex Li ( March 22, 2023, 09:37 GMT | Insight) -- A Chinese trade body of carmakers today said the latest industry hype surrounding price cuts should ease off and called for market order to be restored "as soon as possible." The China Association of Automobile Manufacturers made the call without directly asking carmakers to stop the price cuts, but it argued that "a price war isn't a long-term solution."A Chinese trade body of carmakers today said the latest industry hype surrounding price cuts should ease off and called for market order to be restored "as soon as possible."...

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