Geely chairman says China auto industry faces restructuring in next 3-5 years

Zhejiang Geely Holding's Chairman, Li Shufu, said on Wednesday China's automotive industry faces restructuring and bankruptcies in the next three to five years as the industry transforms.

NPC delegate and Geely Chairman Li Shufu leaves the Great Hall of the People after a meeting ahead of National People's Congress , China's annual session of parliament, in Beijing, China March 4, 2019. REUTERS/Aly Song

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