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'Involutionary' Competition Emerges in CN Auto Sector; MOFCOM to Strengthen Comprehensive Remediation/ Compliance Guidance
In response to the phenomenon of “involutionary” competition in China's auto industry, He Yongqian, the spokesperson of the Ministry of Commerce of the People's...
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'Involutionary' Competition Emerges in CN Auto Sector; MOFCOM to Strengthen Comprehensive Remediation/ Compliance Guidance
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In response to the phenomenon of “involutionary” competition in China's auto industry, He Yongqian, the spokesperson of the Ministry of Commerce of the People's Republic of China (MOFCOM), responded during the introduction of the recent key works in the commercial area that the MOFCOM will actively cooperate with the relevant departments to strengthen comprehensive remediation and compliance guidance, maintaining fair competition and market order and promoting the healthy development of the industry.

Recently, the relevant departments and bureaus of the MOFCOM organized industry associations, research institutes and relevant enterprises discussions to listen to opinions and suggestions, and to study the work of auto circulation and consumption, He added.

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