China auto industry association urges cooling of 'price-cut hype'

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SHANGHAI/BEIJING : China's auto industry association on Wednesday urged automakers and authorities to cool 'price-cut hype' to ensure the stable development of the industry.'A price war is not a long-term solution', the China Association of Automobile Manufacturers wrote in an article published on its WeC

SHANGHAI/BEIJING : China's auto industry association on Wednesday urged automakers and authorities to cool"price-cut hype" to ensure the stable development of the industry.

Automakers should work harder on technology and branding while local governments should also use"appropriate methods" while promoting and stabilising the economy, CAAM added.

 

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