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

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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...