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CN Authorities Summon and Warn Automakers Over Suspected Irrational Competition
2026-06-12 10:28:27 China's Ministry of Industry and Information Technology and the State Administration for Market Regulation summoned and issued reminders to automobile manufacturers suspected of engaging in irrational competition. Authorities required companies to strictly comply with the "Price Law of the People's Republic of China" and the "Provisions on Curbing Low-price Dumping," among other laws and regulations. In accordance with the "Compliance Guidelines for Pricing Conduct in the Automotive Industry", companies were urged to strengthen price compliance frameworks, enhance product quality control, effectively safeguard consumers' legitimate rights and interests, and jointly maintain a market order featuring quality products at reasonable prices and healthy competition. ~ AASTOCKS Financial News Website: www.aastocks.com | |